Why Meta Stock Is Soaring Today
Shares of Meta Platforms (NASDAQ: META) were flying higher on Thursday. The stock gained 2% as of 12:15 p.m. ET but gained as much as 5.1% earlier in the day. The leg up comes as the S 500 gained 0.2% and the Nasdaq Composite was flat.
The social media behemoth reported its fourth-quarter earnings Wednesday after the market closed.
Meta delivered fantastic results for Q4 2024. The company increased earnings per share for the quarter by 50% year over year, reaching $8.02. The figure well exceeded Wall Street's expectations of $6.76 per share. Sales for the company hit $48.4 billion, beating the expected $47 billion.
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 €.
