Why Meta Platforms Was Rising Today
Shares of Meta Platforms (NASDAQ: META) were on the rise Wednesday, up as much as 4.2% before settling into a 3.5% gain as of 1:57 p.m. ET.
The move was notable, since all of the major indices were in the red at that time.
Investors appear to be enthusiastic over the prospect of Meta launching a new microblogging rival to Twitter called Threads, which is set to be unveiled on Thursday. While a Twitter competitor might not make a huge difference in Meta's value, with a market cap already at $755 billion, it could make an incrementally positive contribution and also benefit Meta's data-gathering capabilities.
Source Fool.com
Meta Platforms Inc. Stock
€509.80
-0.600%
With 11 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 26.52% for Meta Platforms Inc. compared to the current price of 509.8 €.
