Financial analysts issue new price targets for Meta, Alphabet, and Unity Software

Various financial institutions have issued updated price targets and ratings for several major companies across different sectors.

UBS revised targets for several digital advertising and technology firms, raising its price target for Meta Platforms to $884 from $715 due to AI monetization opportunities. It also raised targets for Snap and Bumble, while cutting its target for The Trade Desk to $15. Alphabet's target remained relatively stable at $380.

In the financial and software sectors, Wells Fargo raised its price target for Unity Software to $53 and for Unum Group to $102. UFP Technologies saw its share price cross above its 200-day moving average following strong earnings that exceeded consensus estimates.

In the real estate sector, Truist Financial lowered its price objective for Weyerhaeuser from $28 to $24, maintaining a hold rating.