These 5 Stocks Are Crashing Today

3. Meta Platforms, Inc. (NASDAQ:FB) has declined 1.3% as of 12:37 PM ET after the target price of Menlo Park, California-based technology giant, was slashed by over 13% to $315 by Mark Mahaney at Evercore ISI. Furthermore,  Meta Platforms, Inc. (NASDAQ:FB) stock has been a part of the “Tactical Asset Positioning (TAP) Underperform” list in the large-cap internet group before its quarterly results for Q1 2022.

Mark Mahaney thinks that Q1 revenue estimates for  Meta Platforms, Inc. (NASDAQ:FB) by the analysts are very aggressive, and the impact of forex headwinds, potential decline in ad spending in Europe due to the Russia and Ukraine conflict, and limited monetization of the Reels feature can come into play.

 Meta Platforms, Inc. (NASDAQ:FB) was held by 224 hedge funds as of Q4 2021.