From Nasdaq: 2024-05-01 12:43:21

Analyst Brad Erickson lowered Meta Platforms’ price target to $570, down from $600, but maintained a buy rating, citing an accelerated AI investment cycle. Despite Meta’s solid earnings, increased capital expenditures and AI investment led to the target cut in anticipation of future growth.

However, The Motley Fool’s Stock Advisor team did not include Meta Platforms in their list of 10 best stocks to buy now, which could potentially yield significant returns in the coming years. Despite being a promising investment, other stocks were chosen for better growth opportunities according to Stock Advisor’s recommendations.

Randi Zuckerberg, former Facebook director and Meta Platforms CEO Mark Zuckerberg’s sister, is on The Motley Fool’s board of directors. The Motley Fool holds positions in Meta Platforms and recommends it. Analyst Eric Volkman also has positions in the company. The Motley Fool maintains a strict disclosure policy to protect and inform investors.



Read more at Nasdaq: 1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $570. Is It a Buy?