Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

In this article, we will discuss the 10 stocks whose price targets were recently raised by analysts. If you want to see more such stocks on the list, go directly to Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets.

05. Meta Platforms, Inc. (NASDAQ:META)

Upside Potential: 13%

On January 29, Jefferies analyst Brent Thill increased the price target for Meta Platforms, Inc. (NASDAQ:META) to $455.00 from $425.00, affirming a Buy rating on the stock. This adjustment reflects Jefferies’ outlook on Meta’s position within the technology industry and its assessment of the company’s future growth prospects. With the revised price target suggesting a 13% upside potential relative to the current market price, Jefferies’ decision underscores a bullish sentiment regarding Meta Platforms, Inc. (NASDAQ:META) trajectory. The higher target price indicates Jefferies’ confidence in Meta Platforms, Inc. (NASDAQ:META) ability to navigate challenges and capitalize on opportunities in the evolving digital landscape. Maintaining a Buy rating indicates Jefferies’ conviction that Meta is poised for significant growth and value creation. This rating suggests that Meta’s performance is expected to outpace the broader market and deliver above-average returns to investors. The raised price target of $455.00 reflects Jefferies’ positive outlook on Meta’s strategic initiatives and potential for sustained revenue and earnings growth. It signals that Meta Platforms, Inc. (NASDAQ:META) stock is undervalued relative to its growth prospects, making it an attractive investment opportunity for investors seeking exposure to the technology sector. As of the closing bell on January 29, Meta Platforms, Inc. (NASDAQ:META) stock was trading at $401.02, implying a potential upside from Jefferies’ revised price target.