Citigroup

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Citigroup has reportedly raised its target price for Meta Platforms (META. O) from $228 to $260. Interpretation of this information: Citigroup, one of the world’s largest financial institutions, has reportedly increased its target price for Meta Platforms, formerly known as Facebook, by $32. The new target price is now set at $260, which is a significant increase from the previous target of $228. This news follows the recent announcement of Meta’s rebranding, which aims to position the company as a metaverse pioneer. The increase in Meta’s target price suggests that…