Should You Buy Meta Platforms Stock Before July 29? Wall Street Has a Clear Answer for Investors.
Wall Street says Meta Platforms' stock is undervalued ahead of its upcoming earnings report.
Overview
Meta Platforms (NASDAQ: META) stock is down 24% from its high amid concerns about how much money the company is spending on artificial intelligence infrastructure. Investors will get more information on that topic when Meta announces second-quarter financial results on Wednesday, July 29.
However, Wall Street sees a buying opportunity ahead of the report. Among 71 analysts, Meta has a median target price of $815 per share. That implies 36% upside from its current share price of $598.
Details
Here's what investors should consider before buying Meta stock.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.