At the time of writing, Meta Platforms Inc [META] stock is trading at $593.28, up 2.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The META shares have gain 1.94% over the last week, with a monthly amount glided 3.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald reaffirmed its Overweight rating on October 09, 2024, and elevated its price target to $670. On October 01, 2024, Pivotal Research Group initiated with a Buy rating and assigned a price target of $780 on the stock. Monness Crespi & Hardt reiterated its Buy rating and increased its price target to $620 on September 30, 2024. DA Davidson initiated its recommendation with a Buy and recommended $600 as its price target on September 10, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 05, 2024, and assigned it a price target of $660. In a note dated August 01, 2024, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $550 to $563.
For the past year, the stock price of Meta Platforms Inc fluctuated between $296.86 and $602.95. Currently, Wall Street analysts expect the stock to reach $453.34 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $593.28 at the most recent close of the market. An investor can expect a potential drop of -23.59% 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 581.23 points at the first support level, and at 569.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 599.50, and for the 2nd resistance point, it is at 605.72.
Ratios To Look Out For
It is important to note that Meta Platforms Inc [NASDAQ:META] has a current ratio of 2.83. Further, the Quick Ratio stands at 2.83, while the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 10.02, the price to book ratio is 9.59 and price to earnings (TTM) ratio is 30.29.
Transactions by insiders
Recent insider trading involved Olivan Javier, Chief Operating Officer, that happened on Oct 25 ’24 when 413.0 shares were sold. Officer, Newstead Jennifer completed a deal on Oct 29 ’24 to buy 905.0 shares. Meanwhile, Director Alford Peggy bought 873.0 shares on Oct 28 ’24.
