#FACEBOOK STOCK PRICE ANYLIST REPORT DRIVERS#
Meta Platforms stock analysis: Technical views and price drivers Javier Olivan, the company’s chief growth officer, will take the lead, although Sandberg’s functions will be spread across the organisational structure, as part of a new scheme Meta Platforms CEO Mark Zuckerberg has devised to run the business more effectively. META stock also slightly declined on 1 June after the company announced that COO Sheryl Sandberg was stepping down after nearly 14 years at the helm. Meanwhile, macroeconomic conditions in the US have worsened amid a high inflation rate of 9.1% that has prompted a risk-off attitude among market participants. Meta Platforms, formerly known as Facebook, has cited multiple headwinds that could negatively affect the business’s financial performance in the near term, including changes to Apple’s iOS privacy features and increased competition from other platforms such as TikTok and Snapchat. The stock’s losses have almost doubled those of the tech-heavy Nasdaq 100 ( US100) Index as confidence in the company’s ability to keep growing, after its drastic pivot toward the metaverse, is not at its highest point.
As of 20 July, META was up 11.93% from the previous month, but down 48.08% year-to-date ( YTD). Meta Platforms’ (META) stock performance has seen a little respite amid what has been a rather bearish year so far. Meta Platforms (META) stock forecast: Targets for 2022-2025 and beyond.META stock price prediction: Analyst sentiment.Meta Platforms fundamental analysis: Latest earnings.Meta Platforms stock analysis: Technical views and price drivers.US30 US Wall Street 30 (USA 30, Dow Jones)
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