Meta Platforms stock surged 3.9% with market recovery and positive analyst note

From Nasdaq: 2024-08-07 03:57:01

Shares of Meta Platforms (NASDAQ: META) surged 3.9% on Tuesday amidst a broader market recovery and positive analyst note. The company also benefited from an antitrust ruling against Alphabet, potentially impacting Google and Apple. Loop Capital raised Meta’s price target, citing strong Q2 performance and potential growth in AI chatbots.

Investors can expect Meta stock to fluctuate with market conditions, but the company is well-positioned for further gains. CEO Mark Zuckerberg predicts Meta AI dominance by year-end, making the stock a solid buy. While Meta wasn’t listed as one of the 10 best stocks by Stock Advisor, the service has a history of outperforming the S&P 500 since 2002.

Notable figures with ties to Meta Platforms, Amazon, Alphabet, and Apple sit on The Motley Fool’s board of directors. The Motley Fool holds positions in Alphabet, Amazon, Apple, and Meta Platforms, emphasizing a disclosure policy and the views expressed in the article.



Read more at Nasdaq: Why Meta Platforms Stock Was Gaining on Tuesday