Meta Platforms (NASDAQ: META) stock is losing ground Wednesday. The tech giant's share price was down 2% as of 2 p.m. ET and had been down as much as 2.9% earlier in the daily session. Meta's valuation is moving lower following news that its WhatsApp messaging platform will fall under new regulations in the European Union.

Meta Platforms’ (META) recent record-breaking 20-day rally drove its share price to an all-time high on February 14, which led to speculation

Shares of Meta Platforms (NASDAQ: META) were among the winners last month. The social media stock took off after the inauguration, benefiting from a potential TikTok ban, the company's increasingly cozy relationship with President Donald Trump, news of increased investment in artificial intelligence (AI), and even the DeepSeek revelation.

Meta Platforms Inc.’s recent record-breaking, 20-day rally propelled the share price to a level where investors may start calling on the company to split its stock for the first time since going public in 2013.

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?

Meta Platforms' stock soars on strong ad performance, 43% YoY profit growth, and AI investments. Click here to read an analysis on META stock now.