Shares of Meta Platforms (NASDAQ: META) were moving higher today on a bullish note from an analyst and in response to a cooler-than-expected inflation report, which lifted stocks broadly.

As of 11:03 a.m. ET on Wednesday, Meta stock was up 3%.

Deutsche Bank analyst Benjamin Black raised his price target on Meta from $290 to $350 this morning and maintained a buy rating on the stock.

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Source Fool.com