UBS Raises Meta to $908, Alphabet to $375, Trims Qualcomm to $150; Hires NYC Advisor
UBS raised price targets on Meta to $908, Alphabet to $375 and Bloom Energy to $251, and trimmed Qualcomm to $150, maintaining buy and neutral ratings. It hired advisor Brad Gillin in New York and had Peter B. Martin named a Forbes Best-in-State Wealth Advisor.
1. Price Target Updates
UBS analysts raised Meta Platforms' price target from $872 to $908 and lifted Alphabet's from $348 to $375 while boosting Bloom Energy's from $170 to $251, all on buy ratings, and trimmed Qualcomm's target to $150 with a neutral stance, citing GenAI ad growth, cloud momentum, data center demand and rising memory prices.
2. New York Advisor Hire
UBS Wealth Management appointed Brad Gillin as a financial advisor in its New York City office, expanding its advisory team and aiming to deepen relationships with high-net-worth clients in a key market.
3. Industry Recognition for Peter B. Martin
Financial advisor Peter B. Martin of UBS’s Paramus, New Jersey office was named to a Forbes Best-in-State Wealth Advisors list, underscoring his client service excellence and enhancing the firm’s reputation in wealth management.