Why Meta Platforms Stock Was Climbing Today
Shares of Meta Platforms (NASDAQ: META) rose today as the social media giant benefited from a cooler-than-expected inflation report, the company's announcement yesterday that it would lay off 5% of its staff, and the approaching TikTok ban, which could give a boost to Facebook and Instagram, the company's top two properties.
The stock was up 4.5% as of 3 p.m. ET Wednesday.
Source Fool.com
Meta Platforms Inc. Stock
€556.40
0.980%
We see a rather positive sentiment for Meta Platforms Inc. with 11 Buy predictions and 1 Sell predictions.
As a result the target price of 627 € shows a slightly positive potential of 12.69% compared to the current price of 556.4 € for Meta Platforms Inc..
