For investors in Magnificent Seven stock Meta Platforms (NASDAQ: META), recent changes in analysts' price targets haven’t brought much cheer. Many analysts have been dropping their price targets on this powerful company since the beginning of April. Among the analyst updates tracked by MarketBeat since the start of the month, price targets have dropped by an average of 14%. Analysts are worried about the effect of new tariff policies on Meta’s business.
However, there is a silver lining. All of these analysts still give the stock a Buy or Overweight rating. Additionally, the average of these new targets still implies a significant upside in Meta shares. Compared to the stock’s Apr. 14 closing price, these new targets signal an upside of over 23% for Meta.
