Why Meta Platforms Stock Plummeted This Week
Meta Platforms (NASDAQ: META) stock got hit with a big pullback this week following the company's first-quarter results. The tech giant's share price fell 9.8% across the stretch despite the S 500 gaining 0.9% over the same period and the Nasdaq Composite gaining 1.1%.
Meta published its Q1 results after the market closed on April 29 and actually reported sales and earnings for the period that exceeded Wall Street's forecasts. Despite delivering topline and bottom-line performance that beat the average analyst estimates, there were elements contained in the report that caused investors to move out of the stock.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Aktie
482,65 €
3,44 %
Die Community neigt bei Meta Platforms Inc. zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Bei einem Kursziel von 645 € für Meta Platforms Inc. deutet sich eine Steigerung von über 20% vom aktuellen Kurs von 482.65 € an.
