EARN25

Meta Platforms Stock Tumbles on Bear Note

The security already carries a 52.1% year-over-year deficit

Digital Content Manager
Aug 19, 2022 at 10:59 AM
facebook X logo linkedin


Meta Platforms Inc (NASDAQ:META) is feeling the heat this morning, after Morgan Stanley cut the security's price target to $225 from $280. The firm cited the Facebook and Instagram parent's declining time spent on social platforms by U.S. users, as engagement moves toward its Reels short-video feature, which has lower capacity for monetization at the moment. At last check, META is down 3.4% to trade at $168.77.

The brokerage bunch remains mostly optimistic towards Meta Platforms stock, though, with 22 of the 30 analysts in question sporting a "buy" or better rating, while the remaining eight carry a tepid "hold" or worse. What's more, the 12-month consensus target price of $235.80 is a 39% premium to current levels, leaving the equity exposed to more price-target cuts moving forward.

Down 52.1% year-over-year, the security has struggled with a ceiling at the $190 level since early June, and is fresh off a June 23, roughly two-year low of $154.23. Meanwhile, the 80-day moving average has served as a constant level of pressure for the shares for most of 2022. 

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!