Why Meta Platforms Stock Was Sliding Today
Shares of Meta Platforms (NASDAQ: META) were sliding today, in line with a broad sell-off in tech stocks and after the company launched a new VR subscription service that seemed to fail to excite investors.
As a result, the stock closed the session down 3.6%.
The big news out of Meta was the launch of its new VR subscription service, Meta Quest+, which costs $7.99/month or $59.99 annually. In exchange, subscribers will get two handpicked virtual reality games to play each month. Meta's offering a promotion for the service at just $1/month through July 31, and the company called it "the most affordable way to grow your library with killer content."
Source Fool.com
Meta Platforms Inc. Stock
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 10.36% for Meta Platforms Inc. compared to the current price of 453.05 €.