Meta Platforms Inc (NASDAQ:FB) shares are trading significantly lower Wednesday. Several Nasdaq stocks are moving lower, led by Netflix Inc (NASDAQ:NFLX), which reported a decline in its subscriber base.
Citigroup upgraded Meta from a Neutral rating to a Buy rating and raised the price target from $258 to $300.
On Tuesday, JMP Securities analyst Ronald Josey maintained Meta with a Market Outperform rating and lowered the price target from $350 to $265 on increasing competition and privacy concerns around Facebook.
Rosenblatt analyst Barton Crockett on Tuesday initiated coverage on Meta with a Neutral rating and announced a $228 price target.
Hightower Advisors' Stephanie Link noted that she has been adding to Facebook ahead of earnings next week.
Related Link: Is Meta Stock Being Overlooked? Why This Investor Is Buying Ahead Of Earnings
Meta is scheduled to announce its first-quarter financial results after the market closes on April 27, according to data from Benzinga Pro.
FB 52-Week Range: $185.82 - $384.33
The stock was down 7.49% at $201.04 at time of publication.
Photo: geralt from Pixabay.
