Meta Stock Drops Amid Tech Sell-Off and Analyst Caution
Meta Platforms (NASDAQ: META) stock fell 5.3% on Friday amid a broader tech sell-off that reduced the Nasdaq by about 1.5%. The decline was partly attributed to BMO analyst Brian Pitz, who reiterated a 'market perform' rating and $720 price target for Meta despite concerns over its AI investment costs.
Topics: AI investment BMO analyst Meta regulatory risk