Yes. Meditation lets you leave you body and worries behind and enter a state of contentment. For a short time, it drives away negativity.
Meditation can absolutely help cope with the symptoms of depression. Very often, I get the feeling that I can’t do anything useful. My mind feels cluttered with unhelpful thoughts and I end up wasting hours lying on the couch getting nothing done. Meditation allows me to clear my mind and focus on my future goals.