13:51 ET -- Meta Platforms Inc. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The Facebook parent's shares were recently up 28% to $196.40. The company posted an upbeat outlook for the year Wednesday and announced a $40 billion increase in its repurchase authorization. Meta reported fourth-quarter revenue of $32.17 billion, down 4.5% from a year ago but above Wall Street estimates. Many analysts raised their price targets Thursday, with several of the new targets at or above $220. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

February 02, 2023 14:06 ET (19:06 GMT)

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