Wall Street sets META stock price target
Morgan Stanley has lowered its share price target for Meta Platforms to $775, citing concerns over generative artificial intelligence and macroeconomic uncertainty. Despite this, the analyst believes Meta will grow faster and sees the current pullback as a potential buying opportunity, with a 45% upside from the current price.
Meta Platforms' share price target was lowered by Morgan Stanley to $775. The bank's analyst, Brian Nowak, cited weak sentiment due to fears about generative AI and macroeconomic uncertainty. Meta shares have fallen 18% over the past month. Morgan Stanley views the pullback as a buying opportunity, with a 45% upside from the current price of $532. The new target still implies significant growth for Meta.
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