Why Meta Platforms Stock Topped the Market Today
Meta Platforms (NASDAQ: META) had a good day both in terms of its operations and its stock performance. The social media giant's shares inched more than 1% higher, due in no small part to its inclusion in a major bank's list of stock picks. It also helped that the company's sites were running more or less smoothly, in contrast to the previous day's outages. The share-price gain bettered that of the S 500 index, which rose by 0.5%.
Meta was one of a clutch of titles that made Bank of America's lineup of monthly stock ideas. The lender identified a total of 20 companies that it believes would make for solid investments in March, divided evenly into growth and value stocks. The social media star made the growth-stock list.
It is the only social media company in the grouping, which includes heavyweights in other sectors including pharmaceutical major Eli Lilly, video streaming leader Netflix, and entertainment conglomerate Warner Bros. Discovery.
Source Fool.com
Meta Platforms Inc. Stock
With 7 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 6.0% for Meta Platforms Inc. compared to the current price of 471.7 €.
