1 Wall Street Analyst Says Meta Platforms Will Fall to $360. Is It a Sell?
Meta Platforms (NASDAQ: META) has been a big winner over the past year and a half, but the stock has slipped following its recent earnings report in April.
Although the social media titan beat analyst estimates on the top and bottom lines, investors didn't like its plans to increase capital spending and operating expenses in order to invest in artificial intelligence (AI) and other strategic initiatives. Its second-quarter revenue guidance was also a bit lighter than expected, leading to a nearly 11% slide on the report.
Now, one Wall Street analyst thinks Meta's a sell.
Source Fool.com
Meta Platforms Inc. Stock
€430.95
-0.280%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.02% compared to the current price of 430.95 € for Meta Platforms Inc..
