FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings
JPMorgan analysts downgraded FB stock from overweight to neutral on Thursday and lowered their price target from $385 to $284.
JPMorgan analysts downgraded FB stock from overweight to neutral on Thursday and lowered their price target from $385 to $284.
Facebook’s latest earnings reports have a mixed bag of commentary from market analysts. The company is looking to invest into new avenues while devoting significant resources towards building metaverse.
For achieving Facebook’s mission for metaverse, the recruitment of professionals in the field is paramount.
The world’s largest cryptocurrency Bitcoin (BTC) has moved past its crucial resistance of $50,000 thereby overtaking Facebook (FB) in valuations. As Q4 2021 begins, analysts are eyeing a major bull run ahead.
The Facebook stock has risen approximately 23.27%, and 19.43% in the past year and YTD respectively.
Facebook stock has dropped 3.30%, 8.84%, and 2.82% in the past three months, one month, and five days respectively through Monday’s pre-market.
Facebook stock has gained approximately 35% and 29% in the past year and YTD respectively through Monday.
During the second-quarter earnings call in July, Facebook had predicted that the iOS updates could cause more headwinds during the third quarter than earlier.
Facebook has also announced its Portal for Business services allowing small and mid-sized businesses to deploy and remotely manage portal devices for workers.
Facebook (FB) stock hit a new 52-week record high of $337.69, surpassing its previous high of $333.78.