Meta Platforms Inc. shares lost 1.19% over the last five trading days but remain up 17.62% year-to-date. The company is set to report Q2 earnings on July 30. Analysts have raised their price targets for Meta, reflecting confidence in the stock's potential. KeyBanc, Bernstein, Bank of America, Wells Fargo, Cantor Fitzgerald, and Citi all adjusted their targets upward, maintaining positive ratings. However, Meta contends with legal challenges, including issues related to U.S. national security claims and potential EU antitrust fines. The company also announced a $50 billion stock buyback and will begin paying dividends, with a yield of 0.29%.
Meta Platforms Inc. shares have experienced a slight loss of 1.19% over the past five trading sessions. However, year-to-date performance reflects a substantial gain of 17.62%.
KeyBanc raised its price target for Meta Platforms from $655 to $800, maintaining an 'Overweight' rating. Similar upward adjustments in price targets have been made by multiple analysts.
Despite recent gains and analyst upgrades, Meta faces challenges, including legal issues concerning national security claims and potential fines by the European Union for antitrust violations.
The announcement of a $50 billion stock buyback and the initiation of dividend payments signals a commitment to shareholder value, despite current yield standing at 0.29%.
Collection
[
|
...
]