Meta stock sinks 10% after earnings: why analysts are cutting targets

Meta shares fell around 9% in early trading despite reporting better-than-expected first-quarter results. Investors were focused on the company’s sharply higher capital expenditure guidance, which outweighed the earnings beat and pressured sentiment around future profitability.

Analysis

Meta shares fell around 9% in early trading despite reporting better-than-expected first-quarter results. Investors were focused on the company’s sharply higher capital expenditure guidance, which outweighed the earnings beat and pressured sentiment around future profitability.