Citigroup

Citigroup has reportedly raised its target price for Meta Platforms (META. O) from $228 to $260. Citi: Increase the target price of Meta Platforms from $228 to $260 Analysis based on this information:Citigroup, a multinational financial services corporation, has reportedly increased its target price for Meta Platforms (formerly known as Facebook Inc.) from $228 to $260. This reflects a substantial increase of 14.04% and highlights the confidence Citigroup has in Meta Platforms as a long-term investment prospect. Citigroup’s investment analysis suggests that Meta Platforms has maintained a strong market position in the social media industry, with its user base consistently growing over the years. Moreover, Meta Platforms has shown promising revenue growth and profitability, with total revenue in the third quarter of 2021 reaching $29 billion, a 33% increase compared to the same period in the previous year. The company’s net income in the third quarter was $9.2 billion, almost double the net income of $4.7 billion during the same…