Facebook Stock Price History

Stock of Meta Platforms, Inc., the Facebook parent, ended 0.78% higher on Wednesday before reports Tigress Financial raised the firm’s price target on Meta Platforms to $935 from $645 and kept a “Strong Buy” rating on the shares. The company wrote that the raised 12-month target of $935 amounts to a potential return with dividends of over 30% from current levels. It views Meta as having “tremendous AI-driven opportunities” for personalized AI-driven functionality across its platform of apps, and sees “significant upside,” driven by the ongoing potential to monetize many of its critical applications and technologies, including Instagram, Messenger, and WhatsApp. A company share price target upgrade is bullish for the stock price. Before the price target upgrade news Meta began notifying staff of job cuts on February 10. The layoffs will be affecting almost 4,000 Meta workers across the United States, Europe, and Asia. Chief Executive Officer Mark Zuckerberg told employees that Meta would cut 5% of its workforce, particularly those who “aren’t meeting expectations” while telling managers that the cuts would help make space for the company to hire the “strongest talent.”