At the time of writing, Meta Platforms Inc [META] stock is trading at $488.69, up 0.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The META shares have lost -0.22% over the last week, with a monthly amount drifted -1.23%, and not 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 July 19, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $525 from $500. Previously, Wolfe Research started tracking the stock with Outperform rating on July 16, 2024, and set its price target to $620. On July 10, 2024, TD Cowen reiterated its Buy rating and revised its price target to $600 on the stock. Wells Fargo reiterated its Overweight rating and increased its price target to $625 on July 08, 2024. Raymond James reiterated its recommendation of a Strong Buy and raised its price target to $600 on July 01, 2024. BMO Capital Markets reiterated a Market Perform rating for this stock on June 12, 2024, but kept the price target unchanged to $450. In a note dated May 02, 2024, Exane BNP Paribas initiated an Underperform rating and provided a target price of $360 on this stock.
For the past year, the stock price of Meta Platforms Inc fluctuated between $274.38 and $542.81. Currently, Wall Street analysts expect the stock to reach $409.94 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $488.69 at the most recent close of the market. An investor can expect a potential drop of -16.11% based on the average META price forecast.
Analyzing the META fundamentals
According to Meta Platforms Inc [NASDAQ:META], the company’s sales were 142.71B for trailing twelve months, which represents an 27.26% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.32 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 485.87 points at the first support level, and at 483.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 493.37, and for the 2nd resistance point, it is at 498.04.
Ratios To Look Out For
It is important to note that Meta Platforms Inc [NASDAQ:META] has a current ratio of 2.68. On the other hand, the Quick Ratio is 2.68, and the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 8.69, the price to book ratio is 8.29 and price to earnings (TTM) ratio is 28.07.
Transactions by insiders
Recent insider trading involved Olivan Javier, Chief Operating Officer, that happened on Jul 18 ’24 when 412.0 shares were sold. COB and CEO, Zuckerberg Mark completed a deal on Jul 16 ’24 to sell 1712.0 shares. Meanwhile, Chief Legal Officer Newstead Jennifer sold 905.0 shares on Jul 16 ’24.
