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
€462.55
-9.660%
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 39.44% compared to the current price of 462.55 € for Meta Platforms Inc..
