![](https://cdn.benzinga.com/files/imagecache/2048x1536xUP/images/story/2012/abtech_3215.png)
- RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%.
- The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed."
- Erickson adds that while Meta is "winning the Apple Inc (NASDAQ:AAPL) signal loss battle" relative to other social peers, it may also be more exposed to Tiktok risk than investors may realize.
- Price Action: FB shares traded higher by 0.65% at $302.10 on the last check Wednesday.