Meta Platforms Stock: 3 Reasons to Sell, 3 Reasons to Buy
Meta Platforms' (NASDAQ: META) stock dropped 11% on April 25 after the social media leader posted its first-quarter earnings report. Revenue rose 27% year over year to $36.46 billion and exceeded analysts' estimates by $232 million. Meanwhile, earnings soared 114% to $4.71 per share and also cleared the consensus forecast by $0.35.
Meta's headline numbers looked healthy, but its softer-than-expected revenue guidance and elevated spending plans rattled the bulls. Let's review the main reasons to buy and sell Meta's stock to see if its sell-off was justified.
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Source Fool.com
Meta Platforms Inc. Stock
€453.50
-0.480%
With 12 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 10.25% for Meta Platforms Inc. compared to the current price of 453.5 €.
