Meta stock forecast

Meta Platforms (NASDAQ:FB), formerly known as Facebook, has suffered significant losses in the 2022 tech selloff. The company has lost over $500 billion since its rebranding.

Meta shares are now down nearly 35% year to date as its core ad business is under threat and investors question the billions it plans to invest in its metaverse ambitions. … Metaverse Stocks in Free Fall. CompanyShare performance % YTDSectorMicrosoft−10.2%Gaming, hardwareThe great metaverse stock rout worsens as Roblox plunges | Fortune fortune.com › 2022/02/16 › great-metaverse-stock-rout-roblox-fb-meta

On average, Wall Street analysts predict that Facebook’s share price could reach $342.22 by Mar 11, 2023 . The average Facebook stock price prediction forecasts a potential upside of 54.28% from the current FB share price of $221.82.

Of 44 analysts covering Facebook in February, 17 rate the stock a “strong buy” and 24 rate it a “buy,” according to Yahoo Finance. That’s down from January 2021, when 18 rated it a “strong buy” and 30 rated it a “buy,” but analysts see Facebook’s current troubles as temporary .