Meta Downgraded to 'Hold' Amid Rising Costs & Weak Demand

Here's the thing: Meta Platforms has been downgraded from a "buy" to a "hold." The price target is now $631, which suggests a modest upside of 6.6%. This change comes after Meta's recent underperformance. This is reportedly due to rising costs and a lack of clear demand signals. The bottom line: this news indicates potential challenges for Meta's financial outlook.