What is the stock price trajectory of Meta Platforms Inc. (META)?

As of right now, Meta Platforms Inc. [META] is trading at $143.14, down -0.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The META shares have gain 5.75% over the last week, with a monthly amount glided 19.52%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Meta Platforms Inc. [NASDAQ: META] stock has seen the most recent analyst activity on January 04, 2023, when New Street initiated its Buy rating and assigned the stock a price target of $145. Previously, JP Morgan upgraded its rating to Overweight on December 16, 2022, and elevated its price target to $150. On November 07, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $102 on the stock. Edward Jones downgraded its rating to a Hold. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $105 on October 27, 2022. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on October 27, 2022. In a note dated October 27, 2022, Cowen downgraded an Market Perform rating on this stock and revised its target price from $205 to $135.

Through the last year, Meta Platforms Inc.’s stock price ranged from $88.09 to $328.00. Currently, Wall Street analysts expect the stock to reach $145.60 within the next 12 months. Meta Platforms Inc. [NASDAQ: META] shares were valued at $143.14 at the most recent close of the market. An investor can expect a potential return of 1.72% based on the average META price forecast.

Analyzing the META fundamentals

For Meta Platforms Inc., (META), the latest quarter sales were 27.71 billion, which represents an -4.50% decrease. Gross Margin for this corporation currently stands at +80.79% with Operating Margin at +39.65%, Pretax Margin comes in at +40.10%, and Net Margin reading is +33.38%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 141.33 points at the first support level, and at 139.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 144.97, and for the 2nd resistance point, it is at 146.81.

Meta Platforms Inc. [META] reported earnings per share of $1.64 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.89/share, meaning a difference of -$0.25 and a surprise factor of -13.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $2.46 per share as compared to estimates of $2.59 per share, a difference of -$0.13 representing a surprise of -5.00%.

Ratios To Look Out For

It is important to note that Meta Platforms Inc. [NASDAQ:META] has a current ratio of 2.60. Also, the Quick Ratio is 3.15, while the Cash Ratio stands at 2.28. Considering the valuation of this stock, the price to sales ratio is 8.15, the price to book ratio is 7.38 and the P/E (TTM) ratio is 13.65.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 47 insider buyings of 165,510 shares and 32 insider sellings of 125,072 shares. Recent insider trading involved Newstead Jennifer, Chief Legal Officer, that happened on Jan 18 when 342.0 shares were sold. Chief Legal Officer, Newstead Jennifer completed a deal on Jan 11 to sell 342.0 shares. Meanwhile, Chief Legal Officer Newstead Jennifer sold 342.0 shares on Jan 04.