Meta Platforms (META) has become the last of the mega-cap technology stocks, known collectively as the Magnificent 7, to fall into negative territory for the year.
Following a 4% decline on March 18, META stock is now down 0.45% in 2025, sliding into negative territory and losing its previous year-to-date gains. The Facebook parent company’s drop off is especially notable, coming as it does after a record setting rally to begin the year that saw the company’s share price rise for 20 consecutive trading sessions. At its peak, META stock was up 26% year-to-date.
However, in a stark reversal of fortune, Meta Platforms’ stock has now erased all those gains and become the last of the Magnificent 7 to slip into the red on the year. The selloff in META stock comes amid a broad market pullback that has seen the benchmark S&P 500 index fall into a correction defined as a decline of 10% or more from recent highs.
Tech Stocks Under Pressure
Meta Platforms, and other large technology companies, have come under pressure from analysts and investors as they ramp-up their investments in artificial intelligence (AI) this year. For its part, Meta has said that it plans to spend up to $65 billion on AI initiatives in 2025.
At the same time, technology stocks have been upended by the Trump administration’s policies on trade tariffs and foreign relations. Consequently, most of the Magnificent Seven stocks — Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA) and Alphabet (GOOGL) — are down 20% or more from their 52-week highs and in a bear market.
Bloomberg’s Magnificent 7 Total Return Index is down 16% this year, and more than 20% off its December peak. Among the tech stocks, Tesla has been the worst performer, having fallen 44% this year.
Is META Stock a Buy?
The stock of Meta Platforms has a consensus Strong Buy rating among 48 Wall Street analysts. That rating is based on 44 Buy, three Hold, and one Sell recommendations issued in the past three months. The average META price target of $763.71 implies 31.14% upside from current levels.
Read more analyst ratings on META stock
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