At the time of writing, Meta Platforms Inc [META] stock is trading at $624.24, up 0.63%. An important factor to consider is whether the stock is rising or falling in short-term value. The META shares have gain 1.74% over the last week, with a monthly amount glided 8.16%, 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 31, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $800 from $780. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on October 31, 2024, and elevated its price target to $660. On October 11, 2024, Scotiabank initiated with a Sector Perform rating. Cantor Fitzgerald reiterated its Overweight rating and increased its price target to $670 on October 09, 2024. Pivotal Research Group initiated its recommendation with a Buy and recommended $780 as its price target on October 01, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on September 30, 2024, and upped its price target to $620. In a note dated September 10, 2024, DA Davidson initiated an Buy rating and provided a target price of $600 on this stock.
For the past year, the stock price of Meta Platforms Inc fluctuated between $328.64 and $638.40. Currently, Wall Street analysts expect the stock to reach $626.1 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $624.24 at the most recent close of the market. An investor can expect a potential return of 0.3% based on the average META price forecast.
Analyzing the META fundamentals
According to Meta Platforms Inc [NASDAQ:META], the company’s sales were 156.23B for trailing twelve months, which represents an 18.87% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.36 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 618.16 points at the first support level, and at 612.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 630.73, and for the 2nd resistance point, it is at 637.23.
Ratios To Look Out For
It is important to note that Meta Platforms Inc [NASDAQ:META] has a current ratio of 2.73. On the other hand, the Quick Ratio is 2.73, and the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 9.92, the price to book ratio is 9.58 and price to earnings (TTM) ratio is 29.40.
Transactions by insiders
Recent insider trading involved Zuckerberg Mark, COB and CEO, that happened on Dec 13 ’24 when 35921.0 shares were sold. COB and CEO, Zuckerberg Mark completed a deal on Dec 12 ’24 to sell 35921.0 shares. Meanwhile, Officer Zuckerberg Mark bought 35921.0 shares on Dec 16 ’24.
