Why Meta Platforms Stock Is Skyrocketing Today
Shares of Meta Platforms (NASDAQ: META) are flying higher on Thursday, up 12.2% as of 2:53 p.m. ET. Today's jump comes as the S 500 was flat and the Nasdaq Composite gained 0.3%.
The tech giant reported earnings after markets closed on Wednesday, including a blowout quarter that beat the already high expectations of Wall Street.
The second-quarter earnings report showed that the company's huge base of daily active users (DAUs) is still growing, up 6% year over year (YOY). This, along with efficiency gains that the company attributed to AI, drove huge growth in earnings and sales.
Source Fool.com
Meta Platforms Inc. Stock
€662.30
0.320%
We see a rather positive sentiment for Meta Platforms Inc. with 8 Buy predictions and 2 Sell predictions.
However, we have a potential of -7.14% for Meta Platforms Inc. as the target price of 615 € is below the current price of 662.3 €.
