Wall Street Analysts Are Cutting Meta Targets. But They Can’t Keep Up With the Falling Stock.

Another analyst slashed his price target for shares of Facebook parent Meta Platforms, but it’s still trading significantly below consensus expectations.

Thomas Champion of Piper Sandler cut his target to $240 from $301 but maintained a Neutral rating. Meta shares (ticker: FB) have shed 43% of their value in 2022 alone. The stock closed up 1.5%, to $190.29, in Tuesday trading. The S&P 500 was down 0.7%.