UBS maintains a “Buy” rating for NASDAQ:META, increasing its price target from $635 to $690.
META’s new product launches have led to a new all-time high stock price, showcasing strong market confidence.
The company’s market capitalization stands at an impressive $1.51 trillion, with a trading volume of 4,136,073 shares.
Meta Platforms, Inc. (NASDAQ:META) is a leading technology company known for its social media platforms, including Facebook, Instagram, and WhatsApp. The company is a major player in the digital advertising space and is investing heavily in future technologies like virtual reality and the metaverse. Meta competes with other tech giants such as Alphabet, Amazon, and Apple.
On October 7, 2024, UBS maintained its “Buy” rating for META, with the stock priced at approximately $594.83. UBS also increased its price target for META from $635 to $690, as highlighted by TheFly. This reflects UBS’s confidence in Meta’s growth potential and strategic direction.
Meta recently launched several new products, which have captured significant market attention. This announcement helped propel META’s stock to a new all-time high, demonstrating the positive market response to the company’s strategic focus on advertising growth and future technologies.
Currently, META’s stock price is around $595.70, showing a slight decrease of 0.04% or $0.24. During the trading day, the stock fluctuated between $593.78 and $602.95. The high of $602.95 is the highest price META has reached in the past year, while the lowest was $279.40.
META’s market capitalization is an impressive $1.51 trillion, indicating the company’s significant market presence. The trading volume for the day is 4,136,073 shares on the NASDAQ exchange, reflecting active investor interest in the stock.
