Meta Stocks Soar as JPMorgan Raises Ratings, Raises Target Price

Updated at 10:21 a.m. EST

Meta . Platform (META) – Get a free report Shares edged higher on Friday after an upgrade from analysts at JPMorgan amid easing pressure on costs and data privacy.

JPMorgan analyst Doug Anmuth upgraded his rating on this group from “neutral” to “overweight,” and increased his price target from $35 to $115 a share. , citing better cost discipline on social media and augmented reality teams as well as easing pressure from Apple (AAPL) – Get a free report privacy rules, known as App Tracking Transparency (ATT), have made it difficult for Facebook and Instagram to measure the success of some advertising campaigns, leading to data is delayed or restricted.


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