While Meta Platforms Inc has underperformed by -0.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, META rose by 185.45%, with highs and lows ranging from $504.25 to $171.43, whereas the simple moving average jumped by 51.34% in the last 200 days.
On February 02, 2024, Wolfe Research Reiterated Meta Platforms Inc (NASDAQ: META) to Outperform. A report published by Wells Fargo on February 02, 2024, Reiterated its previous ‘Overweight’ rating for META. Wedbush also reiterated META shares as ‘Outperform’, quoting a target price of $520 on the company’s shares in a report dated February 02, 2024. UBS Reiterated the rating as Buy on February 02, 2024, but set its price target from $425 to $530. TD Cowen resumed its ‘Outperform’ rating for META, as published in its report on February 02, 2024. Susquehanna’s report from February 02, 2024 suggests a price prediction of $550 for META shares, giving the stock a ‘Positive’ rating. Stifel also rated the stock as ‘Buy’.
Analysis of Meta Platforms Inc (META)
Investors in Meta Platforms Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.50 per share. Further, the quarter-over-quarter increase in sales is 24.70%, showing a positive trend in the upcoming months.
One of the most important indicators of Meta Platforms Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 28.04% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and META is recording 18.83M average volume. On a monthly basis, the volatility of the stock is set at 2.44%, whereas on a weekly basis, it is put at 1.85%, with a gain of 3.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $516.27, showing growth from the present price of $498.19, which can serve as yet another indication of whether META is worth investing in or should be passed over.
How Do You Analyze Meta Platforms Inc Shares?
The Internet Content & Information market is dominated by Meta Platforms Inc (META) based in the USA. When comparing Meta Platforms Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 33.44, there is a growth in quarterly earnings of 202.46%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
META shares are owned by institutional investors to the tune of 67.38% at present.
