Why Meta Platforms Investors Were Nervous on Thursday

Shares of Meta Platforms (NASDAQ: META) were lower on Thursday, slipping by as much as 3.3%. JMP Securities analyst Andrew Boone lowered his price target on Meta Platforms to $240, down from $265, while maintaining his outperform (buy) rating on the stock, according to The Fly. It shouldn't be surprising to hear that Boone was concerned about the deterioration of the broader economy brought on by high inflation, lingering supply chain issues, and higher interest rates.