Meta Sets a Record High. Why the Stock Is on a Roll.
The tighter range for the stock came around the time Meta disclosed its third-quarter earnings, which raised concern among investors about decelerating growth on Meta’s top line. Shares are up by almost 8% since CEO Mark Zuckerberg dined with President-elect Donald Trump on Nov 27. The analyst consensus price target for Meta is $653.57, implying a 6.5% gain from Tuesday’s close.