Meta Platforms Inc., formerly known as Facebook, has been in the news with analysts continuously adjusting their stock price targets, various milestones being reached, insider selling and some legal challenges thrown into the mix. The company has been gearing for the future as
CEO Mark Zuckerberg bets big on
Metaverse seeing smart glasses and artificial intelligence (AI) products as the way forward.
Insider selling had caused the stock to dip but bullish analyst predictions and impressive gains have since rallied the shares. Despite sporadic warnings and cautious inclinations from some analysts, the possibility of a stock-split and the company's resilience in the nascent AI sector have jewelled it amongst the hot stocks to watch. Although subjected to some lawsuits,
JIm Cramer, the renowned investment guru, surprisingly finds the stock cheap. Continual workforce reshaping, persistent efforts in
AI development, and the metaverse direction has instilled robust support for Meta Platforms amongst growth investors. However, recent news of the company's chief legal officer selling stocks has raised eyebrows within the investment community.
Meta Platforms Stocks News Analytics from Fri, 12 Jul 2024 07:00:00 GMT to Sat, 19 Oct 2024 14:40:07 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor -5
