Why Meta Platforms Stock Gained Ground Today
The stock market came roaring back to life on Monday, with the Nasdaq index up a whopping 3.4% for the day. Almost all technology stocks gained ground during the session, including Meta Platforms (NASDAQ: FB). The parent company of Facebook, Instagram, and WhatsApp finished the day up 3.8%, but one prominent analyst believes its mini-rally has much further to go.
According to The Fly, Stifel analyst Mark Kelley resumed coverage of Meta Platforms Monday, giving it a buy rating and a price target of $400 per share. That target represents an upside of almost 28% from where the stock closed the session.
Image source: Getty Images.
Source Fool.com
