Why Meta Stock Is Down Big Today
Meta Platforms (NASDAQ: META) stock dropped as much as 12.1% on Thursday after the company reported strong third-quarter revenue but paired it with a forecast for significant growth in spending and capital expenditures in 2026, along with a large one-time tax charge. This plan for aggressive spending puts increased pressure on the social media company's massive infrastructure and AI (artificial intelligence) buildout to eventually translate into meaningful profit growth.
Management's outlook for massive spending, combined with the fact that shares have risen sharply year to date, was enough to trigger some profit-taking.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Stock
€564.90
0.180%
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 652 € shows a slightly positive potential of 15.42% compared to the current price of 564.9 € for Meta Platforms Inc..
