See why analysts are picking Meta as a "top recession stock" for 2023

After falling 65% this year, analysts are bullish on Meta Platforms.

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Meta is a ‘Top Recession Stock’ for 2023 After Shares Tanked 65% This Year

Meta is a ‘top recession stock’ for 2023, analysts say, after shares tanked 65% this year

Rafael Henrique | Sopa Images | Lightrocket | Getty Images

Wall Street analysts are bullish on Meta Platforms for 2023 after shares in the company nosedived by more than 65% this year.

The decline is the largest among mega-cap stocks, with many analysts saying shares in the company have fallen too far. The stock dropped by 24% in a single day after its most recent results.

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Subscribe to CNBC Pro to see the top investing firms weigh in on Meta Platforms' 2022 performance and how they expect it to perform in 2023.

Here are more of today's top stories, exclusively for CNBC Pro subscribers!

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