Why Meta Stock Popped Today
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Shares of Meta Platforms rose 3% after J.P. Morgan raised its price target by 9% to $735, citing Meta's strong competitive position and growth potential. However, concerns remain about the stock's high valuation relative to its projected 14% long-term earnings growth. Analysts warn that Meta's large market cap may hinder future growth, suggesting the stock could be overpriced despite its strengths in the social media landscape and potential in AI services.
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