Meta's Falling, but This Stock Really Got Kicked in the Teeth Thursday
Wall Street has been on the back foot lately, but initial fears that Thursday morning could bring another steep drop didn't immediately manifest themselves. Major market benchmarks were mixed in the opening minutes of the trading session, with strong economic data making some participants question whether a recession is still inevitable.
Some of the negative sentiment coming into Thursday morning was due to the latest earnings release from Meta Platforms (NASDAQ: META) late Wednesday afternoon. Yet the damage to the social media stock's share price was minimal compared to what investors in Align Technology (NASDAQ: ALGN) had to deal with, as the maker of Invisalign clear orthodontic devices suffered a huge setback. Here are all the details.
Shares of Meta Platforms fell 5% early Thursday. The move came despite ongoing efforts to prioritize profitability, which have shown up quite clearly in the company's third-quarter financial results.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 7 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 6.3% compared to the current price of 470.35 € for Meta Platforms Inc..
