On June 3, Meta Platforms rose 3.25% in regular trading, trading at $615.825/share, with trading volume of $3.942 billion.

The move comes after Arete upgraded Meta from Neutral to Buy and raised its price target from $614 to $735, signaling renewed confidence in the stock's upside potential. According to FactSet data, Meta carries an average analyst rating of Buy with a mean price target of $820.33.

Adding further support, a European court on the same day annulled the regulatory decision classifying Meta's Marketplace service as a gatekeeper under the Digital Markets Act, ruling that the European Commission committed a legal error by failing to consider recent platform modifications. A Meta spokesperson said the company welcomes the judgment.

The positive catalysts build on last week's momentum after Meta launched its first AI chatbot subscription service — Meta One Plus at $7.99/month and Meta One Premium at $19.99/month — marking a key step toward monetizing its massive AI infrastructure investments projected at up to $1,450 billion in capital expenditure for the year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)