Why Meta Platforms Was Rising Today
Shares of Meta Platforms (NASDAQ: META) were climbing on Tuesday, up about 3% as of 1:20 p.m. ET.
Meta continues to climb higher, despite already being up 131% on the year, as the stock appears to now be recovering from its multiyear sell-off, which culminated last fall. That's thanks to both a recovering advertising market, Meta's ability to use artificial intelligence (AI) to regain engagement and ad targeting capabilities, and a pullback on its massive metaverse spending that was concerning investors.
On Tuesday, the social media juggernaut got even better news, as a Wall Street firm raised its price target on its shares.
Source Fool.com
Meta Platforms Inc. Stock
€505.70
-1.420%
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 645 € shows a positive potential of 27.55% compared to the current price of 505.7 € for Meta Platforms Inc..
