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American multinational technology conglomerate
Meta Platforms, Inc., headquartered in Menlo Park, California, is an American multinational technology company and is one of the Big Tech companies. Meta owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, WhatsApp, Messenger, and Threads. The company also operates an advertising network for its own sites and third parties; as of 2023, advertising accounted for 97.8% of its total revenue.
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Investing.com -- Guggenheim raised its price target on Meta Platforms to $850 from $700 in a note to clients on Wednesday, pointing to higher 2027 estimates and early traction for the company’s Muse AI agent.