Facebook Parent Meta Upgraded by J.P. Morgan. Maybe the Worst Is Over. - Barron's

Facebook genitor Meta Platforms was upgraded by J.P. Morgan connected the presumption that costs are coming nether control, gross should commencement to prime up and the existent valuation is attractive.

Analysts led by Doug Anmuth changed their standing connected the banal to Overweight from Neutral. Shares are down astir 65% this year, overmuch much than either the S&P 500 oregon the technology-heavy Nasdaq, aft the institution invested billions successful virtual world platforms, that failed to beryllium profitable.