Mark Zuckerberg Says the Market Is Sending a "Sobering Signal": Here's What That Could Mean for Meta Stock
For an agonizingly long time, it seemed that Meta Platforms (NASDAQ: META) could do nothing right. That's changed dramatically. The company delivered better-than-expected revenue and earnings with its second-quarter results, announced after the market close on Wednesday. It provided Q3 guidance that topped Wall Street's estimates as well.
Despite the big turnaround for Meta, not everything is sunshine and roses. CEO Mark Zuckerberg said in the company's conference call that the market is sending a "sobering signal." Here's what that signal is and what it could mean for Meta stock.
Zuckerberg wasn't talking about the market's reaction to Meta's core social media business. Things are looking up on that front. However, he admitted that there has been an underwhelming response to the company's metaverse efforts.
Source Fool.com
Meta Platforms Inc. Stock
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With a target price of 542 € there is a slightly positive potential of 10.58% for Meta Platforms Inc. compared to the current price of 490.15 €.
