Why Meta Platforms Stock Lost 12% in April
Shares of Meta Platforms (NASDAQ: META) have been among the big winners over the last year and a half, but the social media stock's rally hit a wall in April after it fell on its first-quarter earnings report.
According to data from S&P Global Market Intelligence, Meta stock lost 12% in April. As you can see from the chart below, the stock was actually in positive territory for most of the month before falling sharply at the end of April after its earnings report came out.
Source Fool.com
Meta Platforms Inc. Stock
€448.80
2.380%
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 11.41% compared to the current price of 448.8 € for Meta Platforms Inc..
