Meta Platforms stock rallied 3.1% on Friday due to potential TikTok ban and positive Wall Street commentary

From Nasdaq: 2025-01-10 16:37:20

Shares of Meta Platforms (NASDAQ: META) rallied on Friday, gaining 3.1% despite the market’s mood. Various developments contributed to the increase, including a potential ban on TikTok in the U.S. and positive Wall Street commentary. Analysts at KeyBanc raised their price target to $700, citing Meta’s AI investments and potential growth.

Meta Platforms has been a top performer on Wall Street, gaining 369% in the past two years. Trading at 29 times earnings, the stock presents an attractive opportunity for investors. However, the Motley Fool Stock Advisor team did not include Meta Platforms in their list of 10 best stocks to buy now, emphasizing the potential for monster returns with other picks.

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Read more at Nasdaq: Why Meta Platforms Stock Bucked the Market’s Trend and Rallied Friday