Meta Platforms Shares Plunged On Tuesday; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Meta Platforms, Inc. META shares tumbled on Tuesday after EU privacy regulators reportedly ruled the company should not require users to agree to personalized ads based on online activity .

Meta shares dropped 6.8% to close at $114.12 on Tuesday, falling another 0.3% in today’s pre-market trading session.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley’s analyst Brian Nowak maintained an Equal-Weight rating on November 15, 2022, but lowered the price target from $105 to $100. Nowak sees around 12% downside in the company’s stock and has an accuracy rate of 57%.
• Oppenheimer’s analyst Jason Helfstein reiterated an Outperform rating on the stock on November 14, 2022, and raised the price target from $140 to $145. This analyst sees around 27% upside in the company’s stock and has an accuracy rate of 60%.
• Rosenblatt’s analyst Barton Crockett maintained a Neutral rating on November 10, 2022, but slashed the price target from $114 to $104. Crockett sees around 9% downside in the company’s stock and has an accuracy rate of just 52%.
• Tigress Financial’s analyst Ivan Feinseth maintained a Strong Buy rating on the stock on November 2, 2022, but slashed the price target from $466 to $260. This analyst sees around 128% upside in the company’s stock and has an accuracy rate of 50%.
• Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on the stock on October 27, 2022, and slashed the price target from $200 to $165. This analyst sees around 45% upside in the company’s stock and has an accuracy rate of 77%.

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