Meta is the worst performing FAANG stock this year. Here’s where Wall Street sees it going next

Yasmin Rufo
Facebook chief Mark Zuckerberg on Thursday announced the parent company's name is being changed to "Meta" to represent a future beyond just its troubled social network.
Chris Delmas | AFP | Getty Images

Down over 38% so far in 2022, Meta — formerly Facebook — is the worst performing FAANG stock of the year. But many Wall Street analysts are forecasting a strong upward trend in the coming months.

More In Investing trends

CNBC ProPlunging euro to cause some serious earnings trouble for host of U.S. stocks
CNBC Pro‘Dividend aristocrats': Strategists name high-yielding stocks to ride out a bear market
CNBC ProOne boring stock quietly hits all-time high as bear market rages