Stock Target Advisor reports that Meta Platforms stock (META:NSD) has received a “Strong Buy” rating from fifty-four research firms that cover the stock. Of these, twenty-nine have assigned a buy rating, seven a hold rating, one a strong buy rating and four have given a sell rating to the company. The analysts’ consensus 12-month target price is $182.17.
META Platforms Stock-Analyst Ratings:
Several equities research analysts have commented on the META shares. Mizuho raised their target price on shares of Meta Platforms stock from $210.00 to $235.00 in a research note on Wednesday.
Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $170.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd.
DZ Bank upgraded shares of Meta Platforms from a “sell” rating to a “hold” rating and set a $180.00 price objective on the stock in a research report on Friday, February 3rd.
Guggenheim boosted their price target on shares of Meta Platforms from $130.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd.
Finally, Wells Fargo & Company boosted their price target on shares of Meta Platforms stock from $250.00 to $280.00 in a research report on Thursday.
META Platforms Stock Analysis:
As of Friday, shares of NASDAQ, META opened at $204.93, with a 50-day moving average price of $165.11 and a 200-day moving average price of $140.08. The company has a quick ratio and current ratio of 2. (Diazepam Online) 20 and a debt-to-equity ratio of 0.08.
Meta Platforms has a market cap of $531.31 billion, a PE ratio of 23.88, a PEG ratio of 1.76, and a beta of 1.18. The company has a 52-week low of $88.09 and a 52-week high of $236.86.
Quarterly Earnings Review:
Meta Platforms last reported its quarterly earnings data on Wednesday, February 1st. The social networking company reported earnings per share of $3.00 for the quarter, beating analysts’ consensus estimates of $2.12 by $0.88.
The company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $31.69 billion. Meta Platforms had a net margin of 19.90% and a return on equity of 21.23%.
The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.67 earnings per share. As a group, analysts anticipate that Meta Platforms will post 9.89 EPS for the current year.
Insider Transactions:
Insiders sold 68,342 shares of company stock valued at $12,285,012 in the last three months. 14.03% of Meta Platforms stock is currently owned by insiders.
Institutional Holdings:
Institutional investors have also modified their holdings of the stock. Laraway Financial Advisors Inc boosted its stake in shares of Meta Platforms by 2.9% in the first quarter.
Red Wave Investments LLC boosted its stake in shares of Meta Platforms by 6.4% in the first quarter. Rehmann Capital Advisory Group boosted its position in Meta Platforms by 1.2% during the second quarter.
