From Nasdaq:

Fintel reports that BMO Capital initiated coverage of Meta Platforms (NasdaqGS:META) with a Market Perform recommendation on January 9, 2024. The average one-year price target for Meta Platforms is $380.28, with a projected 6.03% upside. Analysts also forecast an annual revenue of $139,653MM, representing a 10% increase, and non-GAAP EPS of 10.48.

There are 5181 funds or institutions reporting positions in Meta Platforms, with an average portfolio weight of 1.60%. Total shares owned by institutions increased by 4.12% to 1,931,333K shares in the last three months. The put/call ratio of META is 0.74, indicating a bullish outlook.

Vanguard Total Stock Market Index Fund Investor Shares holds 69,203K shares representing 2.69% ownership of the company, with other shareholders also showing similar increases in portfolio allocation in META over the last quarter.

Meta Platforms, previously known as Facebook, aims to bring the world closer together by building community and connecting people through their useful and engaging products. Facebook generates most of its revenue from selling advertising placements to marketers and is headquartered in Menlo Park, CA.

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Read more: BMO Capital Initiates Coverage of Meta Platforms (META) with Market Perform Recommendation