Shares of Meta Platforms Inc. decreased by 3.03% over the past week but are up 18.38% year-to-date. Several analysts have raised their price targets, with Bank of America setting it at $765, Wells Fargo at $783, and Cantor Fitzgerald at $828. The company faces legal issues, including claims of undermining national security and potential fines from the EU for antitrust violations. In addition, Meta has authorized a $50 billion stock buyback and initiated dividend payments.
Bank of America raised its price target on META to $765 from $690, maintaining a 'Buy' rating. Wells Fargo raised its price target to $783 from $664.
Meta remains embroiled in legal issues, including claims of undermining U.S. national security and potential penalties from the European Union for antitrust violations.
Meta authorized a $50 billion stock buyback and began paying dividends, currently yielding 0.29%, equating to $0.53 per share quarterly.
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