Sentiment: Positive
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Meta Stock Jumps $50 as Neocloud Bet Wins Over Wall Street
By Trader Edge at 2026-07-09 11:32
Sentiment: Positive
TLDR Meta is entering the neocloud space, planning to sell computing power externally to monetize its data center investments. The stock is up roughly $50 since Meta’s neocloud announcement. Wolfe Research reiterated an Outperform rating and $800 price target; META currently trades around $605.72. Wolfe Research raised its 2027 capex estimate for Meta to $220 [...] The post Meta Stock Jumps $50 as Neocloud Bet Wins Over Wall Street appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central