Why Meta Platforms Stock Dropped and Then Recovered Today
It was a big day for Meta Platforms (NASDAQ: META) as the tech giant unveiled its new Meta Quest 3, launched new smart glasses with Ray-Ban, and announced updates to its AI products.
Investors seemed to initially balk at the news, sending the stock down by as much as 4.1% shortly after CEO Mark Zuckerberg gave his keynote address, but it rebounded nearly as quickly as some investors sensed a buying opportunity in the sell-off.
After whipsawing in the afternoon, Meta stock closed today's session down 0.4%.
Source Fool.com
Meta Platforms Inc. Stock
€447.60
2.140%
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 11.71% for Meta Platforms Inc. compared to the current price of 447.6 €.
