Read Why Loop Capital Slashed Meta Price Target By 9.5%; Remains Bullish

Loop Capital analyst Alan Gould cut the price target on Meta Platforms Inc FB to $380 from $420 and reiterated a Buy.
The price target implies a 13.8% upside to Meta's December 17 closing price of $333.79.
The magnitude of Meta's spending on the Metaverse over the next several years and how rapidly the spending at Facebook Realty Labs will increase from the $10 billion being spent in 2021 will be a crucial focus for investors.
Gould notes the negative reputational issues of Meta are already discounted in the stock at current levels.
Gould believes that the shares already trade at an "undemanding valuation."
Meta, formerly Facebook, is the world's largest online social network, with 2.5 billion monthly active users.
Price Action: FB shares traded higher by 0.54% at $327.20 in the premarket session on the last check Tuesday.