Why Meta Platforms Stock Jumped Higher on Wednesday

Shares of Facebook parent Meta Platforms (NASDAQ: FB) are finally getting some love. Following a year-to-date beating that was worsened by the company's disappointing fourth-quarter guidance, the stock rose as much as 3.3% on Wednesday. As of 11:15 a.m. ET, the stock was up 2.6%.

The tech stock is likely up due to a combination of factors, including an upbeat day for the overall market and an analyst's move to reiterate a buy rating for Meta Platforms' shares.

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Source Fool.com