According to StockTargetAdvisor.com, 66 analysts have given a “Strong Buy” rating for Meta Platforms, while seven have rated it as a hold and four have rated it as a sell. Additionally, 29 and one analyst have given it a buy rating and strong buy rating, respectively. The company’s shares opened at $204.93 on Friday, with a 50-day moving average price of $165.11 and a 200-day moving average price of $140.08. Its market cap stands at $531.31bn, with a PE ratio of 23.88 and a PEG ratio of 1.76. Meta Platforms’ 12-month target price is $209.27.
Meta Platforms (NSD:META) posted its last quarterly earnings report on February 1, revealing a higher-than-expected EPS of $3. The company had a net margin of 19.90% and a return on equity of 21.23%, with revenue of $32.17bn for the quarter. Insiders sold $12.3m worth of the company’s stock, comprising 68,342 shares, over the past three months. Additionally, 14.03% of the stock is owned by insiders. Institutional investors have also increased their stake in the company over the past few months.
Meta Platforms Stock Analysis
21 top analysts have forecasted that Meta Platforms Inc.’s stock will reach an average target price of USD 184.90 in the next 12 months, with a Strong Buy rating from the average top analyst. Stock Target Advisor’s analysis of Meta Platforms Inc. shows a Slightly Bullish outlook based on 8 positive and 4 negative signals. The current closing stock price for Meta Platforms Inc. is USD 204.93, reflecting a positive change of +12.79% in the past week and +18.84% in the past month. However, there has been no change in the stock price over the last year.
Company Overview
Meta Platforms, Inc. is a global company that creates products to facilitate social connections and sharing among people worldwide. The company operates in two segments: Family of Apps and Reality Labs. The Family of Apps segment includes popular social media platforms such as Facebook, Instagram, Messenger, and WhatsApp, which enable people to communicate and share information across devices. The Reality Labs segment provides augmented and virtual reality products that allow users to feel connected, regardless of their location. Meta Platforms, Inc. was founded in 2004 and is based in Menlo Park, California. Formerly known as Facebook, Inc., the company recently changed its name to Meta Platforms, Inc. in October 2021.
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