Does the TikTok Ban Make Meta Stock a Buy?
Over the last few weeks, members of Congress have been quarreling over legislation that would ban social media app TikTok in the U.S.
At a high level, concerns over user security on the China-owned app have lawmakers at a regulatory crossroads. As some media pundits and economists speculate on TikTok's future, it's natural to wonder if competing social media platforms could benefit from a ban.
Let's dig into what is going on from a legislative perspective, and assess why I see Meta Platforms (NASDAQ: META) as a big winner regardless of TikTok becoming banned in the U.S.
Source Fool.com
Meta Platforms Inc. Stock
€419.85
1.980%
We see a rather positive sentiment for Meta Platforms Inc. with 14 Buy predictions and 2 Sell predictions.
As a result the target price of 515 € shows a positive potential of 22.66% compared to the current price of 419.85 € for Meta Platforms Inc..
