- The shares of Meta Platforms (META) recently received a $240 price target from Truist. These are the details.
The shares of Meta Platforms (META) recently received a $240 price target from Truist.
TikTok To Put Content Ratings on Videos That Show ‘Overtly Mature Themes’
Price target: Reduced from $260 to $240
Analyst: Truist analyst Youssef Squali
Squali adjusted the rating while noting he is reducing the expectations on Internet companies based on stronger foreign exchange headwinds and the prospects for weakening macro. And now Squali said his projections are now baking in a mild recession in 2023 which should pressure growth even though he believes that the companies’ strong cost containment should help protect margins.