Is Meta Platforms Finally Over Its Troubles?
Investors were disappointed when Platforms (NASDAQ: META), the company formerly known as Facebook, reported its first-ever annual revenue decline in 2022, , resulting in a sell-off that sent the company's stock to a low of $88, down more than 60% from its 52-week high.
However, share prices have recovered, prompting speculation whether the company is finally out of trouble. To answer this question, let's review Meta's first-quarter 2023 earnings report for some clues.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Stock
€556.30
1.550%
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 652 € there is a slightly positive potential of 17.2% for Meta Platforms Inc. compared to the current price of 556.3 €.
