China lashes out at US over attempts to force sale of TikTok’s American operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2024
0mins
Should l Buy META?
Source: Yahoo Finance
- US-China Relations: China criticizes the US over threats to shut down TikTok if it doesn't separate from its Chinese parent company, Bytedance. US officials have raised security concerns about data compliance with Chinese laws.
- TikTok Sale Bill: US politicians are considering a bill that would require Bytedance to sell TikTok in six months or face removal from American app stores. President Biden is likely to sign the bill despite using TikTok for his campaign.
- Business Updates: Superdry seeks a loan amid losses, Darktrace shares surge ahead of Mike Lynch's trial, and British American Tobacco plans to sell part of its stake in Indian conglomerate ITC.
- Financial Markets: Inflation expected to remain at 3.1% in the US consumer market, impacting financial markets. Gold prices reach record high, while Bitcoin hits $72,000.
- Miscellaneous News: Abu Dhabi launches technology investment company, LoopUp leaves London Stock Exchange, and Istanbul airport doubles therapy dogs to calm travelers.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 824.71 USD with a low forecast of 655.15 USD and a high forecast of 1117 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 661.460
Low
655.15
Averages
824.71
High
1117
Current: 661.460
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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