Meta's Stock Just Plunged Following Its Q1 Earnings Report. Should Investors Jump in and Buy the Stock?
Shares of Meta Platforms (NASDAQ: META) fell over 10% following its first-quarter earnings report despite some pretty solid numbers from the social media giant.
In fact, there were a lot of really of good things to come out of Meta's report. So let's look at why the stock fell, why its overall results were strong, and why this may be a great buying opportunity for investors.
There were two main reasons that Meta's stock fell following its earnings. The first was that its second-quarter revenue guidance was considered a bit light versus expectations. The company projected that its Q2 revenue would come in between $36.5 billion and $39.0 billion. Analysts were expecting Q2 revenue of $38.3 billion, so the midpoint of its forecast was just below that at $37.75 billion. This is minor in the grand scheme of determining whether to invest in Meta.
Source Fool.com
Meta Platforms Inc. Stock
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 500 € shows a slightly positive potential of 16.55% compared to the current price of 429.0 € for Meta Platforms Inc..
