Target Prices of Major Technology Companies Updated

Target Price Revisions for Tech Giants

Recently, major investment banks in the United States have significantly revised the target prices of shares for leading companies in the technology sector. These updates are drawing significant attention from investors.

Positive Revisions for Alphabet

Citigroup raised its target price for Alphabet (the parent company of Google) from $280 to $343, boosting confidence in the company's market performance. Citigroup also revised the target price for Microsoft from $682 to $690, which could create a positive market sentiment for Microsoft.

Noticeable Decline for Meta Platforms

On the other hand, the same institution reduced the target price for Meta Platforms from $915 to $850. This situation may raise concerns among investors given Meta's challenges in media advertising and increasing competition.

Revisions from Bank of America and Barclays

Bank of America Global Research increased its target price for Alphabet from $280 to $335. Similarly, Barclays raised Alphabet's target price from $250 to $315, enhancing confidence in the tech giant's growth projections.

Positive Targets from JP Morgan and Mizuho

JP Morgan raised its target price for Alphabet from $300 to $340. Mizuho also increased its target price from $295 to $325. These updates could support a bullish trend for Alphabet.

Further Decreases in Meta's Target Price

Furthermore, RBC Capital Markets lowered Meta's target price from $840 to $810, while JP Morgan decreased its target price from $875 to $800. These negative revisions indicate growing concerns regarding Meta's financial difficulties.

Rising Expectations for Microsoft Shares

Morgan Stanley raised the target price for Microsoft shares from $625 to $650, reinforcing the company's solid position in the technology market.