Wall Street Bullish on Meta Platforms (META) Here’s Why

Group 1: Analyst Ratings and Price Targets - Meta Platforms, Inc. has received bullish ratings from analysts, with Rocco Strauss from Arete Research upgrading the stock from Hold to Buy and setting a price target of $718 [1] - Brad Erickson from RBC Capital reiterated a Buy rating with a price target of $810, indicating a strong consensus among analysts [1] - The overall 12-month price target from analysts suggests a potential upside of 32.6% from the current stock level [1] Group 2: Antitrust Investigation - The European Union has opened a new antitrust investigation into Meta Platforms, Inc. regarding its AI features in WhatsApp, aiming to ensure balanced support for the tech sector [2] - This investigation follows a similar inquiry by Italy's antitrust watchdog, which is examining whether Meta is abusing its market dominance by blocking competitor AI chatbots [2] - A spokesperson from WhatsApp has labeled the allegations as "baseless," while EU officials plan to conduct the investigation under traditional antitrust rules [3]