Meta's Rising, but Another Nasdaq Stock Is Jumping Even Higher
Investors have been extremely bullish lately, and even an interest rate increase from the Federal Reserve on Wednesday wasn't enough to dampen the mood among investors. Indeed, in a delayed reaction, stock markets climbed sharply early Thursday, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) leading the way with gains of nearly 1.5% shortly after the market opened.
A big driver for positive performance was Meta Platforms (NASDAQ: META), which was able to deliver plenty of growth and sees a lot of encouraging things in its pipeline for future products and releases. Yet another stock listed on the Nasdaq, Align Technology (NASDAQ: ALGN), posted even sharper gains. Here's everything you need to know about what these two companies told their shareholders and why it's making Wall Street more enthusiastic than ever.
Shares of Meta Platforms opened 8% higher Thursday morning. The social media giant's second-quarter financial report showed a big recovery in the advertising business at a time when it matters the most for Meta and its shareholders.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 8 Buy predictions and 2 Sell predictions.
As a result the target price of 515 € shows a slightly positive potential of 11.09% compared to the current price of 463.6 € for Meta Platforms Inc..
