In a recent update, Citigroup analyst Ronald Josey has raised the price target for Meta Platforms (META, Financial) from $690.00 to $803.00, marking a notable increase of 16.38% from the prior target. This adjustment reflects an optimistic outlook for META’s financial trajectory.

The stock’s current rating remains at “Buy,” as maintained by Citigroup, underscoring the continued confidence in META’s market performance and growth potential. The unchanged “Buy” rating indicates that the company’s fundamentals and future prospects remain strong in the eyes of the analyst.

Investors and stakeholders of META will likely monitor this development closely, as the adjustment in the price target suggests positive expectations for the company’s financial health and market position. Citigroup’s revision provides valuable insight into the anticipated performance of META in the coming months.

Based on the one-year price targets offered by 61 analysts, the average target price for Meta Platforms Inc (META, Financial) is $714.45 with a high estimate of $935.00 and a low estimate of $466.00. The average target implies an
upside of 1.05%
from the current price of $706.99. More detailed estimate data can be found on the Meta Platforms Inc (META) Forecast page.

Based on the consensus recommendation from 71 brokerage firms, Meta Platforms Inc’s (META, Financial) average brokerage recommendation is currently 1.8, indicating “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc (META, Financial) in one year is $537.79, suggesting a
downside
of 23.93% from the current price of $706.99. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the Meta Platforms Inc (META) Summary page.