Why Meta Platforms Stock Sank Today
Shares of Meta Platforms (NASDAQ: FB), which bumped slightly higher early on Thursday, continued their subsequent slide the next day. On Friday, that decline was exacerbated by an analyst's price target cut, and the stock closed the day more than 2% lower.
That cut, enacted by BMO Capital analyst Daniel Salmon, was a fairly deep one. Salmon's new level on Meta Platforms' stock is $225 per share, well down from his previous $290. The prognosticator is maintaining his market perform (read: neutral) recommendation on the shares, however.
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Source Fool.com
