Meta Platforms (META) has seen its stock drop roughly 15% this month as investors digest the company's aggressive spending plans. However, Wedbush Securities remains bullish on META stock with a $920 price target, indicating an upside potential of 50% from current levels.
The investment firm added Meta to its “Best Ideas” list, arguing the recent selloff has created an attractive entry point despite near-term concerns about rising expenses and capital expenditures. Valued at a market capitalization of $1.54 trillion, META stock has increased by 445% over the last three years. Despite these outsized gains, it trades 23% below all-time highs.
