Why Meta Platforms Stock Fell Sharply on Tuesday
Shares of Meta Platforms (NASDAQ: FB), the parent company of Facebook, tumbled on Tuesday, declining as much as 4.1%. As of 11:30 a.m. ET, the stock was down 3.9%.
The stock's decline was likely primarily driven by a rough day in the overall market on Tuesday -- especially for tech stocks like Meta Platforms. But an analyst's move to slightly reduce his 12-month price target for the stock may also be weighing on shares.
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Source Fool.com