Why Meta Platforms, C3.ai, Upstart, and Other AI Stocks Surged Monday
A broad cross-section of the market has been steadily gaining ground over the past week, and the positive sentiment spilled over into Monday. Market participants are hopeful for an agreement in the current debt ceiling negotiations, and an end to the stalemate in Washington, D.C., could further boost stocks.
Another area of intense focus is recent advancements in artificial intelligence (AI) and how investors can best benefit from this rapidly emerging technology. One of Wall Street's biggest investment banks released estimates regarding the ongoing impact of AI, and the sheer magnitude of the numbers had investors beating the bushes for buys in the sector.
With that as a backdrop, Meta Platforms (NASDAQ: META) rose 2.1%, C3.ai (NYSE: AI) jumped 9%, and Upstart Holdings (NASDAQ: UPST) surged 17.2%, as of 12:58 p.m. ET on Monday.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.55% compared to the current price of 429.0 € for Meta Platforms Inc..
