At the time of writing, Meta Platforms Inc [META] stock is trading at $595.94, up 2.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The META shares have gain 5.04% over the last week, with a monthly amount glided 15.30%, 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 October 01, 2024, when Pivotal Research Group initiated its Buy rating and assigned the stock a price target of $780. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on September 30, 2024, and elevated its price target to $620. On September 10, 2024, DA Davidson initiated with a Buy rating and assigned a price target of $600 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $660 on September 05, 2024. BofA Securities reiterated its recommendation of a Buy and raised its price target to $563 on August 01, 2024. Oppenheimer reiterated a Outperform rating for this stock on July 19, 2024, and upped its price target to $525. In a note dated July 16, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $620 on this stock.
For the past year, the stock price of Meta Platforms Inc fluctuated between $279.40 and $583.36. Currently, Wall Street analysts expect the stock to reach $447.84 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $595.94 at the most recent close of the market. An investor can expect a potential drop of -24.85% based on the average META price forecast.
Analyzing the META fundamentals
According to Meta Platforms Inc [NASDAQ:META], the company’s sales were 149.78B for trailing twelve months, which represents an 22.10% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.34 and Total Capital is 0.3. 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 585.96 points at the first support level, and at 575.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 601.38, and for the 2nd resistance point, it is at 606.83.
Ratios To Look Out For
It is important to note that Meta Platforms Inc [NASDAQ:META] has a current ratio of 2.83. As well, the Quick Ratio is 2.83, while the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 10.07, the price to book ratio is 9.63 and price to earnings (TTM) ratio is 30.43.
Transactions by insiders
Recent insider trading involved Olivan Javier, Officer, that happened on Oct 04 ’24 when 413.0 shares were purchased. Chief Legal Officer, Newstead Jennifer completed a deal on Oct 01 ’24 to sell 905.0 shares. Meanwhile, Chief Operating Officer Olivan Javier sold 413.0 shares on Sep 27 ’24.
