"In the wake of the earnings call, Barclays lowered its price target on Meta to $640 from $705, while financial institutions raised their price targets collectively, reflecting investor confidence."
"Despite facing antitrust issues and a potential massive fine from the EU, Meta's expansion into AI and strong user engagement bolster its market position."
Shares of Meta Platforms Inc. recently rose by 0.71%, continuing a monthly gain of 15.38%. Despite mixed quarterly earnings, the company shows promise through increased user engagement and AI advancements. Barclays lowered its price target to $640 while other firms raised theirs, indicating favorable sentiment. Challenges remain with antitrust issues and a potential $1 billion fine from the EU, yet Meta's recent $50 billion stock buyback and dividend announcement signal potential growth for shareholders as the company navigates the tech landscape.
Read at 24/7 Wall St.
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