Market Reacts: $META Stock Drops 13% Pre-Market as Analysts Slash Target Prices

In pre-market, $META down by 13%. Several financial institutions have adjusted their target prices for $META:

Truist Securities has decreased its target price from $550 to $535.

JMP Securities has decreased its target price from $550 to $525.

Barclays has decreased its target price from $550 to $520.

Wolfe Research has decreased its target price from $530 to $500.

JPMorgan has decreased its target price from $535 to $480.

Goldman Sachs has decreased its target price from $555 to $500.

Stifel has decreased its target price from $588 to $550.

Citi has decreased its target price from $590 to $550.

Jefferies has decreased its target price from $585 to $540.

Bernstein has decreased its target price from $590 to $565.

RBC Capital has decreased its target price from $600 to $570.

However, Roth/MKM has increased its target price from $500 to $510.

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