TradingKey – Meta (META) shares have continued to weaken recently. As of the close on October 28 US Eastern Time, the stock fell for the fifth consecutive trading day, with a cumulative decline of over 12%. Amid the pullback, JPMorgan recently further raised its price target on Meta to $940, indicating that the institution maintains relatively positive expectations for the growth of its advertising business and AI products. However, the current stock price trend has not yet shown clear signs of bottoming out.
JPMorgan analyst Doug Anmuth raised Meta’s price target to $940 from $920 and maintained an “Overweight” rating. Based on the closing price of $620.19 on October 27, the new price target implies a potential upside of approximately…
