Everybody loves a comeback story, and this battered technology stock could be the next to make a recovery, according to analysts
Everybody loves a comeback story. And Facebook parent-company Meta Platforms could be the next battered stock to make a recovery, according to analysts on Wall Street. The tech sector got crushed in 2022 as investors steered clear of growth in the face of a hawkish Federal Reserve. The tech-heavy Nasdaq Composite tumbled a whopping 33% , with big technology stocks like Tesla , Meta and semiconductor stocks among the worst performers.
mountain Meta Platforms shares tumbled more than 64% in 2022 But tech stocks aren't out of the woods just yet. Many of last year's problems continue in 2023, but analysts on Wall Street view Meta as one of the best stocks to weather the volatility after its 64% plummet in 2022.
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