Meta (META) Target Slashed by Jefferies but “Buy” Rating Holds Firm

From Yahoo Finance: 2025-04-09 12:20:00

In a recent article, Meta Platforms, Inc. (NASDAQ:META) is under scrutiny compared to other AI stocks. President Trump’s new tariffs have global repercussions, with China retaliating with a 34% tax on US goods. Investment firms Wedbush and Bernstein warn of severe economic consequences, particularly impacting the tech sector.

Wedbush predicts a potential “economic Armageddon” due to tariffs, which could surpass previous market crashes. Bernstein notes China’s annual $10 billion chip imports from the US, affecting companies like Intel and Micron. Continued tariffs could result in lower growth and profits for businesses, causing widespread concern among investors.

Despite Jefferies cutting Meta’s price target, the firm maintains a “Buy” rating. Meta ranks 3rd among AI stocks, but other options may offer higher returns in a shorter timeframe. Investors are urged to explore promising AI stocks with significant growth potential. Check out the report on the cheapest AI stock for possible massive gains.

The article explores hedge funds’ interest in AI stocks and the potential for outperforming the market by following their top stock picks. Meta Platforms, Inc. remains a key player in the technology industry, with Jefferies reaffirming its investment value despite a reduced price target. Investors are encouraged to consider alternative AI stocks with greater promise for substantial returns.

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