Meta Platforms (META) experienced a 15% decline in its stock value in November, driven by market concerns over slowing user growth and substantial investments in AI and the Reality Labs division. Despite the downturn, analysts like Saken Ismayilov from Freedom Capital Markets have upgraded Meta to a 'Buy' rating, setting a price target of $800. Other firms, including Wolfe Research, Guggenheim, and TD Cowen, continue to maintain high price targets for the company.
A recent favorable court ruling in an antitrust case against the FTC, allowing Meta to retain ownership of Instagram and WhatsApp, could serve as a positive catalyst for the stock. CEO Mark Zuckerberg remains optimistic about Meta's AI initiatives and future growth prospects, which may help bolster investor confidence.
Meta Stock Drops 15% in November Amid Growth Concerns
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