On April 5, 2023, Jefferies maintained coverage of Meta Platforms with a Buy recommendation. Analysts forecast a 5.27% upside, with an average one-year price target of $226.04, ranging from $80.80 to $320.25. Projected annual revenue for Meta Platforms is $124,043MM, with a projected non-GAAP EPS of $8.01.

In terms of shareholder activity, TUG – STF Tactical Growth ETF increased its portfolio allocation in META by 390.23% over the last quarter. Other firms like Koesten, Hirschmann & Crabtree increased their shares by 3.95%, while Hixon Zuercher decreased their portfolio allocation in META by 10.90% over the last quarter.

There are 4461 funds reporting positions in Meta Platforms, a decrease of 152 owners or 3.30% in the last quarter. The average portfolio weight of all funds dedicated to META is 0.90%, a decrease of 4.49%. The put/call ratio of META is 0.64, indicating a bullish outlook.

Meta Platforms, previously known as Facebook, aims to give people the power to build community and bring the world closer together. They offer various products like Facebook, Instagram, Messenger, WhatsApp, and Oculus Quest to connect people globally. The company generates revenue primarily from selling advertising placements to marketers.

For more regulatory filings and information on Meta Platforms, visit Fintel. This story originally appeared on Fintel.

Read more at Nasdaq: Jefferies Maintains Meta Platforms (META) Buy Recommendation