Why Meta Platforms Stock Topped the Market Today
With all the tumult occurring with the now Elon Musk-owned X -- formerly known as Twitter -- Meta Platforms (NASDAQ: META) sensed an opportunity to offer its own micro-messaging service. A new move apparently planned by Meta could give it a fresh shot in the arm.
On news of this, cautiously optimistic investors traded Meta's stock up by more than 2% on Monday. That was more than good enough to beat the S 500 index, which inched 0.7% higher on the day.
In an exclusive report published Sunday night, citing "people familiar with Meta's plans," The Wall Street Journal said the company aims to roll out a web version of threads early this week. It did not get more specific about timing.
Source Fool.com
Meta Platforms Inc. Stock
€447.25
-3.070%
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 11.79% for Meta Platforms Inc. compared to the current price of 447.25 €.
