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
€482.65
3.440%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 33.64% for Meta Platforms Inc. compared to the current price of 482.65 €.
