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. Aktie
509,80 €
-0,60 %
Positive Tendenz bei Meta Platforms Inc. mit mehreren Buy-Einschätzungen als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 645 € für Meta Platforms Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 509.8 €.
