Meta Platforms Co., Ltd. Meta Shares are trading above $500, an all-time high, on Friday.
What you need to know:
Meta CEO mark zuckerberg has recently focused on advances in the fields of artificial intelligence and augmented and virtual reality, and met with Meta developers in Tokyo earlier this week to discuss the company’s Quest headset and large-scale language models. llama.
Mr. Zuckerberg also Samsung Electronics Co., Ltd. chairman Jay Y. Lee and LG Electronics Co., Ltd. CEO Cho Joo Wan About AI collaboration and the development of augmented reality headsets.
Meta reportedly plans to unveil its first augmented reality or AR glasses, codenamed orionat Meta’s annual Connect event this fall.
On Thursday, a US court ruled in Meta’s favor and ordered the Israeli company to: NSO Group, to share Pegasus spyware code that was allegedly used to spy on users of Meta’s messaging app. whatsapp.
Meta’s stock has risen more than 40% since the beginning of the year, trading above its 50-day moving average of $408.66, according to data from Benzinga Pro..
related news: Dell reports better-than-expected fourth-quarter results driven by demand for AI servers
Will META stock go up?
When trying to evaluate whether a metaplatform Meta We recommend taking a look at analyst forecasts, as we think the stock will trade higher than current levels.
Wall Street analysts have an average 12-month price target for Metaplatform of $496.44. The current high price target is $575.0 and the low price target is $397.0. Out of all analysts covering Metaplatform, 26 give it a positive rating, 1 give a neutral rating, and 1 don’t give a negative rating. .
Last month, 17 analysts adjusted their price targets.Let’s take a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street’s most accurate analysts. Check out the recent performance of the analysts covering MetaPlatform.
Stocks do not move in a straight line. The average stock market return is about 10% per year. Metaplatform is up 170.96% since the beginning of the year. Analysts’ average price target suggests that the stock could fall further in the future.
For a comprehensive overview of what you need to know about the Meta Platform, see here. If you want to go even further, there’s no better tool to help you do it than Benzinga Pro. Start your free trial today.
Meta price action: At the time of publication, Meta Platforms stock was up 2.65% at $503.14, according to Benzinga Pro.
Image: Daniel Constante (via Shutterstock)
