Why Meta Platforms Was Rising Today
Shares of Meta Platforms (NASDAQ: META) were climbing on Tuesday, up about 3% as of 1:20 p.m. ET.
Meta continues to climb higher, despite already being up 131% on the year, as the stock appears to now be recovering from its multiyear sell-off, which culminated last fall. That's thanks to both a recovering advertising market, Meta's ability to use artificial intelligence (AI) to regain engagement and ad targeting capabilities, and a pullback on its massive metaverse spending that was concerning investors.
On Tuesday, the social media juggernaut got even better news, as a Wall Street firm raised its price target on its shares.
Source Fool.com
Meta Platforms Inc. Stock
€462.80
-0.120%
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 515 € there is a slightly positive potential of 11.28% for Meta Platforms Inc. compared to the current price of 462.8 €.
