Why Meta Platforms Stock Jumped Today
Meta Platforms (NASDAQ: META) stock climbed in Monday's trading and closed out the daily session up 2.8%. Meanwhile, the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.9% and 1.5%, respectively.
Stocks broadly moved higher today following a Wall Street Journal report suggesting that military strikes between Israel and Iran could de-escalate in the near future. In addition to the broader market trend, Meta Platforms' share price also got a boost from an announcement about its WhatsApp platform and positive coverage from analysts.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Stock
€538.70
-1.500%
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 652 € there is a positive potential of 21.03% for Meta Platforms Inc. compared to the current price of 538.7 €.
