Meta Platforms Wins U.S. Antitrust Case, Bolstering Market Confidence
Meta Platforms (META) secured a decisive victory in a high-profile antitrust lawsuit brought by the U.S. Justice Department. The case centered on the company's acquisitions of Instagram and WhatsApp, with regulators alleging anti-competitive practices. This legal win removes a significant overhang for the social media giant.
Wall Street analysts remain bullish on Meta stock, with 42 firms maintaining a Strong Buy consensus rating. The average price target of $846.48 suggests nearly 43% upside potential from current levels. Market sentiment appears aligned with the court's decision, viewing it as validation of Meta's growth strategy.