Meta Platforms shares rise 1.05% premarket after Loop Capital adjusts price target to $695.

Meta Platforms, Inc. rose 1.05% in premarket trading. The company specializes in online social networking services, with a significant portion of its revenue coming from advertising spaces. The recent price target adjustment by Loop Capital to $695 may have contributed to the positive sentiment surrounding the stock. Additionally, the upcoming earnings reports from major tech companies, including Meta, are expected to provide insights into how trade turmoil has affected businesses, potentially influencing investor decisions.