economy

This 'Magnificent Seven' Underperformer Has More Downside to Go, Says Carter Worth

Carter Worth sees the stock falling to our price objective of $550.

This 'Magnificent Seven' Underperformer Has More Downside to Go, Says Carter Worth

TL;DR

  • Meta Platforms stock has undergone a bullish-to-bearish reversal in recent months.
  • Current price action suggests immediate further downside.
  • The stock is expected to fall to a price objective of $550.