News on facebook stock today
Here are the latest news and updates on Facebook's stock (FB) as of today:
Market Performance:
As of the current market close, Facebook's stock price is $284.41, down 0.45% from yesterday's close of $285.51.
Recent News:
- Facebook's Revenue Growth Slows Down: Facebook reported its Q2 2022 earnings yesterday, and while the company's revenue grew 17% year-over-year to $29.08 billion, the growth rate was slower than expected. The stock fell 4.5% in after-hours trading following the earnings release. (Source: CNBC)
- Meta's Metaverse Ambitions: Facebook's CEO Mark Zuckerberg has been touting the company's metaverse ambitions, and the company has been investing heavily in the technology. However, some analysts are skeptical about the potential returns on investment, citing the high costs and uncertain demand. (Source: The Verge)
- Regulatory Scrutiny: Facebook is facing increased regulatory scrutiny, particularly in the areas of data privacy and antitrust concerns. The company has been working to address these concerns, but the regulatory environment remains uncertain. (Source: Bloomberg)
Analyst Opinions:
- Morgan Stanley: Maintains an "Overweight" rating with a price target of $340.
- Goldman Sachs: Maintains a "Buy" rating with a price target of $320.
- JPMorgan: Maintains a "Neutral" rating with a price target of $280.
Key Statistics:
- Market Capitalization: $850 billion
- 52-Week Range: $255.95 - $384.33
- Dividend Yield: 0.00%
Please note that the information provided is subject to change and may not reflect the current market situation. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.