Wall Street analysts are standing by Meta Platforms despite the post-earnings sell-off, with some recommending using the pullback to scoop up the stock. "Let's be clear, there's still a lot to get excited about," said Bernstein analyst Mark Shmulik. "Reels is net neutral already, click-to message ads appears to have unlocked a whole new to go after, and engagement trends continue to defy gravity. The growth story remains fully intact.
mountain Meta shares slump post-earnings Shares were last down about 4%. Despite Thursday's weakness and the ongoing uncertainties that could hamper shares in the near term, Wall Street analysts are retaining their buy rating on the stock and optimistic outlook on the social media giant's future, or recommending using the dip as a buying opportunity.
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Source: FXStreetNews - 🏆 14. / 72 Read more »