Why Meta Platforms Stock Triumphed on Thursday
Meta Platforms (NASDAQ: META) stock had a good Thursday, with its more than 2% price gain topping the S 500 index's 0.6% rise. Investors were encouraged by the company's pronouncements during its annual Meta Connect developers conference.
The conference, a two-day event that concluded on Thursday, saw Meta Platforms introduce several new pieces of hardware and some fresh artificial intelligence (AI) offerings.
Headlining the social media company's first-look gear was its latest virtual reality (VR) headset, Meta Quest 3. As usual, with a new VR headset, the Meta Quest 3 boasts higher resolution and crisper graphics than its predecessor, among other features. It retails for $500, which includes a six-month subscription to the Quest+ VR service.
Source Fool.com
Meta Platforms Inc. Stock
With 9 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 14.73% for Meta Platforms Inc. compared to the current price of 435.8 €.
