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

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.

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

Key Takeaways Meta shares shares fell on Tuesday for the first time in more than a month, ending a streak that saw the stock climb 20%.The price has rallied into the upper trendline of an ascending channel,

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?