18.03.2025 20:04:54
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Why Meta Platforms Is Sinking Today
Shares of Meta Platforms (NASDAQ: META) are sliding on Tuesday. The social media giant's stock lost 4.1% as of 2:30 p.m. ET and was down as much as 5% earlier in the day. The drop outpaces the broader market decline, as the S&P 500 (SNPINDEX: ^GSPC) fell 1.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.9%.The company behind social media platforms Facebook, Instagram, WhatsApp, and Threads faced pressure after an analyst lowered its price target amid a wider tech sell-off.KeyCorp reduced its price target on Meta from $750 to $710 in a report released Tuesday, maintaining its "overweight" rating. While the new target still represents a decent upside from Meta's current price, the drop was significant.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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03.03.25 | Meta Platforms Outperform | Bernstein Research | |
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Aktien in diesem Artikel
Meta Platforms (ex Facebook) | 536,40 | 1,00% |
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