Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish.
On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter.
META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher.
Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector.
We would be buying the pullback in Meta shares" in an Oct. 26 note.
Persons:
Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, —, Jonathan Vanian, Michael Bloom
Organizations:
Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research
Locations:
Meta