Meta Platforms Inc. experienced a 1.64% rise in stock price despite recent declines, now down 10.87% for the month. Jefferies downgraded its price target but retained a 'Buy' rating. The EU plans to impose a $1 billion fine for antitrust violations, leading to potential compliance challenges. Nevertheless, Meta is advancing into AI, projected to become a leading assistant by year-end, with projected growth suggesting a 62.82% upside through the decade and ongoing stock buyback initiatives bolstering investor confidence.
Shares of Meta Platforms Inc. (NASDAQ: META) gained 1.64% during a.m. trading on Wednesday, bringing the stock's one-month loss to -10.87% as the Magnificent Seven mainstay claws its way back from a year-to-date loss of -2.53%.
Nonetheless, the firm maintained its 'Buy' rating for META. On March 24, the European Union (EU) announced plans to penalize Meta with a fine of up to $1 billion for breaching strict antitrust rules.
Meta AI is on track to be the most used AI assistant in the world by the end of the year, according to CEO Mark Zuckerberg.
24/7 Wall Street projects a 62.82% upside potential for the stock through the end of the decade.
Collection
[
|
...
]