Meta shares see red for first time in 2025

Shares of Facebook parent Meta Platforms META.O down 4.1% at $580.08 on Tues and falling into negative territory for the first time this year

META's stock, which had a historic 20-session winning streak, has now declined ~21% from its record high close reached on Feb 14

YTD, shares now off ~1%, while the tech-heavy Nasdaq Composite .IXIC and S&P 500 .SPX have shed >9% and nearly 5%, respectively, with both major indexes having recently fallen into correction territory

The broader equities market has been bruised this year amid signs of a weakening economy and uncertainty around the Trump administration's tariff policies, while tech names have been roiled on concerns of AI spending since China's launch of DeepSeek in late Jan

META shares recently traded at ~23x expected forward earnings, just above their 5-yr forward PE of 21.6, according to LSEG data

Of 71 analysts covering META, recommendation breakdown is 63 "strong buy" or "buy", 6 "hold" and 2 "sell" ratings; median PT of $770 implies ~33% upside to current levels