Is Beaten-Down Meta Platforms Stock a Buy on the Dip?
Meta Platforms (NASDAQ: META) recently presented first-quarter results that exceeded expectations on the top and bottom lines. Instagram, WhatsApp, and Facebook outperformed expectations, but shares of their parent company still fell hard in after-hours trading.
Meta stock was down about 15% when the market opened on Thursday, April 25. Here's a look at why it fell and reasons it could be a good stock to buy on the dip.
Meta stock is down partly because its revenue projection for Q2 was a little lighter than expected. The average analyst on Wall Street expects $38.29 billion in total revenue, but management guided to a range between $36.5 billion and $39 billion.
Source Fool.com
Meta Platforms Inc. Stock
€439.75
0.950%
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 13.7% for Meta Platforms Inc. compared to the current price of 439.75 €.
