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
€495.45
-2.270%
With 13 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 31.6% for Meta Platforms Inc. compared to the current price of 495.45 €.
