Why Meta Platforms Stock Popped Today
Shares of Meta Platforms (NASDAQ: META) rallied Thursday morning, gaining as much as 5.7%. As of 11:59 a.m. ET, the stock was still up 4.1%.
The catalyst that sent the social media and artificial intelligence (AI) specialist higher was a report that the company plans deep cuts to its metaverse spending.
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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 €.
