Meta Platforms ( (META) ) has fallen by -12.43%. Read on to learn why.
Meta Platforms has experienced a significant stock price decline of 12.43% over the past week. This downturn is largely attributed to the broader market sell-off triggered by unexpected tariff announcements from Washington, D.C., which sent shockwaves through the tech sector. The market’s reaction was severe, with Meta, alongside other major tech stocks, suffering substantial losses.
Despite the recent price drop, analysts maintain a positive outlook on Meta Platforms. The company’s stock is rated as a Strong Buy by Wall Street, with a projected upside potential of nearly 50% over the next year. This optimistic view is supported by Meta’s ongoing efforts to innovate and expand, particularly in the AI and AR/VR spaces, although these ventures have yet to turn profitable.
Meta’s current valuation presents a compelling opportunity for long-term investors. The company’s shares are trading at a relatively low multiple compared to its peers, making it an attractive option for those looking to invest in the tech sector. Additionally, Meta’s commitment to returning value to shareholders through dividends and share buybacks further enhances its appeal as a value stock.