Why Meta Stock Could Fall Even Further
There's a lot in Meta Platforms' (NASDAQ: META) recent financial updates for the bulls to like. The social media giant is generating incredible top-line momentum. In addition, management guided for even faster growth in Q1.
But here's the issue: Meta's artificial intelligence (AI) growth initiatives are slowing its earnings growth. And it seems to be worrying investors. The stock is down about 10% year to date.
Could the stock go even lower this year? Given the staggering shift in the company's cost structure, possibly.
Here is a closer look at why the stock's recent pullback might just be the beginning.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Stock
€498.10
-0.380%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 652 € there is a positive potential of 30.9% for Meta Platforms Inc. compared to the current price of 498.1 €.
