Where Will Meta Stock Be in 1 Year?
Meta Platforms (NASDAQ: META) had an awful 2022. Revenue growth stalled at just the wrong time for the social media business, leading to collapsing earnings in the nine months that ended in late September. The company will close out 2022 with its Q4 earnings announcement in early February that's expected to show a 3% sales drop.
Wall Street isn't optimistic about the year ahead, either. Most Wall Street pros forecast that revenue will rise in the low-single-digit-percentage range as annual earnings decline for a second straight year.
Let's look behind those headline projections for clues to where the stock might be headed as management works to turn the Facebook owner around.
Source Fool.com
