Why Meta Platforms Was Rising Today
Shares of Meta Platforms (NASDAQ: META) were climbing on Tuesday, up about 3% as of 1:20 p.m. ET.
Meta continues to climb higher, despite already being up 131% on the year, as the stock appears to now be recovering from its multiyear sell-off, which culminated last fall. That's thanks to both a recovering advertising market, Meta's ability to use artificial intelligence (AI) to regain engagement and ad targeting capabilities, and a pullback on its massive metaverse spending that was concerning investors.
On Tuesday, the social media juggernaut got even better news, as a Wall Street firm raised its price target on its shares.
Source Fool.com
Meta Platforms Inc. Aktie
467,00 €
4,05 %
Die Meta Platforms Inc. Aktie wird von der Community mit mehreren Buy-Einschätzungen unterstützt.
Ein Kursziel von 505 € für Meta Platforms Inc. zeigt ein leicht positives Potenzial im Vergleich zum aktuellen Kurs von 467.0 €.
