Why Meta Platforms Stock Plummeted This Week
Meta Platforms (NASDAQ: META) stock got hit with a big pullback this week following the company's first-quarter results. The tech giant's share price fell 9.8% across the stretch despite the S 500 gaining 0.9% over the same period and the Nasdaq Composite gaining 1.1%.
Meta published its Q1 results after the market closed on April 29 and actually reported sales and earnings for the period that exceeded Wall Street's forecasts. Despite delivering topline and bottom-line performance that beat the average analyst estimates, there were elements contained in the report that caused investors to move out of the stock.
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Source Fool.com
Meta Platforms Inc. Stock
€482.65
3.440%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 1 Sell predictions.
As a result the target price of 645 € shows a positive potential of 33.64% compared to the current price of 482.65 € for Meta Platforms Inc..
