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Barchart
Barchart
Mohit Oberoi

This ‘Magnificent 7’ Stock Fell Out With Analysts After Earnings, But Is It Time to Sell?

Meta GS Mark Zuckerberg Keybanc NVDA

Aside from Nvidia (NVDA), which will report its quarterly earnings later this month, all of the other “Magnificent 7” stocks have released their earnings - and except for Meta Platforms (META), all of the Mag 7 constituents impressed markets, and their shares rallied after their turns in the earnings confessional. Even Tesla (TSLA) - which entered this earnings season as the worst-performing S&P 500 Index ($SPX) stock - jumped after its report, despite missing on both the top line and the bottom line. 

Meta, on the other hand, lost $132 billion in market cap after its earnings, and several analysts lowered their target prices following the report. Is it time to sell Meta stock? We’ll discuss in this article, beginning with a snapshot of its Q1 earnings.

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