Stocks are drifting lower although still near a record high as a holiday-shortened week gets off to a sluggish start. The S&P 500 edged 0.1% lower in Tuesday afternoon trading and is just below its all-time closing high set last month.

The stock has fallen 78% from its previous peak, but Wall Street analysts see significant upside from these levels. The average price target is currently $37.91, implying upside of 72% at the time of writing.

Wall Street dipped on Tuesday as investors showed little conviction at the top of a holiday-shortened week with earnings season winding down and geopolitical and trade uncertainties holding risk appetite in check.

Tigress Financial recently maintained the firm's "strong buy" rating on the shares but made a substantial adjustment in its price target. The firm now sees Meta stock going to $935, up from the previous estimate of $645. Can Meta stock climb another 30% from the current $720 share price?

Wall Street main indexes were muted on Tuesday as investors braced for potential tariff developments and sought insights into the U.S. Federal Reserve's plans for interest rates after monthly data released last week showed retail sales had tumbled.

US stock indices opened higher on Tuesday, as investors focused on potential tariff developments and the US Federal Reserve's interest rate strategy. At the opening bell, the Dow Jones Industrial Average rose 37.