Meta Platforms Shares Rise 1.2% on Wednesday

The tech giant's stock climbed as investors digest the latest analyst ratings and news impacting the company.

Apr. 1, 2026 at 9:33pm

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Meta Platforms, Inc. (NASDAQ:META) saw its share price rise 1.2% on Wednesday, trading as high as $592.55 before closing at $579.23. The increase came on higher-than-average trading volume, with 23.3 million shares changing hands compared to the typical 16.1 million. The stock's movement was driven by a mix of analyst rating changes and other key news impacting the company.

Why it matters

As one of the world's largest technology and social media companies, Meta Platforms' stock performance is closely watched by investors. The latest uptick reflects ongoing market interest in the company's business and future prospects, despite some recent analyst target price adjustments.

The details

Several analysts have weighed in on Meta Platforms this week. Morgan Stanley decreased its target price from $825 to $775, while Citigroup reiterated an 'outperform' rating. On the more bullish side, Jefferies Financial Group lifted its price objective from $910 to $1,000, and Cantor Fitzgerald increased its target from $750 to $860.

  • Meta Platforms' shares traded as high as $592.55 on Wednesday, April 1, 2026.
  • The stock closed at $579.23 on Wednesday, April 1, 2026.

The players

Meta Platforms, Inc.

A global technology company that builds social networking services and immersive computing platforms, including Facebook, Instagram, WhatsApp, and Messenger.

Morgan Stanley

A multinational investment bank and financial services company that recently decreased its target price for Meta Platforms.

Citigroup

A multinational investment bank and financial services corporation that reiterated an 'outperform' rating on Meta Platforms.

Jefferies Financial Group

A diversified financial services company that lifted its price objective for Meta Platforms.

Cantor Fitzgerald

A global financial services firm that increased its target price for Meta Platforms.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.