What's Going On With Meta Platforms Stock?

Meta Platforms Inc FB shares are trading significantly lower Wednesday. Several Nasdaq stocks are moving lower, led by Netflix Inc 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.