Meta Platforms (NASDAQ: META) stock has benefited from considerable growth since its IPO in 2012. The social media giant, then named Facebook after its flagship site, grew to become the leading social media stock.

Rosenblatt Securities adjusted their outlook on Meta Platforms Inc. (NASDAQ: NASDAQ:META), increasing the price target to $846 from the previous $811. The firm retains a Buy rating on the stock. The revision follows Meta's strong performance in the fourth quarter of 2024,

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.

Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business. Meta Platforms META.O rose 4.5% after beating estimates for fourth-quarter revenue, but forecast that first-quarter sales might miss estimates.