Market Reacts to Meta’s Threads Launch

Overview

Market Movers has gathered the top reactions from investors and analysts on Meta Platforms following the launch of their Threads platform, which aims to compete with Twitter. The new service, which already has over 30 million users, allows direct integration with existing Instagram accounts.

KeyBanc Raises Price Target

In response to the Threads launch, KeyBanc has raised its price target on Meta from $280 to $335. Analysts at the firm believe that Threads has the potential to drive billions of dollars in advertising revenue.

Ivan Feinseth Maintains Buy Rating

Ivan Feinseth from Tigress Financial has reiterated his buy rating on Meta and set a price target of $380, indicating his confidence in the company’s future prospects.

Stock Reaches New High

Following the Threads launch, Meta’s stock reached a 17-month high during Thursday’s trading session. This year, the stock has seen an impressive increase of over 140%.

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