While Meta Platforms Inc has overperformed by 0.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, META rose by 86.12%, with highs and lows ranging from $629.79 to $319.99, whereas the simple moving average jumped by 19.05% in the last 200 days.
On October 31, 2024, Pivotal Research Group Reiterated Meta Platforms Inc (NASDAQ: META) to Buy. A report published by Monness Crespi & Hardt on October 31, 2024, Reiterated its previous ‘Buy’ rating for META. Cantor Fitzgerald Reiterated the rating as Overweight on October 09, 2024, but set its price target from $660 to $670. Pivotal Research Group initiated its ‘Buy’ rating for META, as published in its report on October 01, 2024. Monness Crespi & Hardt’s report from September 30, 2024 suggests a price prediction of $620 for META shares, giving the stock a ‘Buy’ rating. DA Davidson also rated the stock as ‘Buy’.
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Analysis of Meta Platforms Inc (META)
A return on investment can be expected regardless of META’s performance over the next quarter with the dividend set at $1.50 per share. Further, the quarter-over-quarter increase in sales is 18.87%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Meta Platforms Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 36.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and META is recording an average volume of 12.09M. On a monthly basis, the volatility of the stock is set at 2.52%, whereas on a weekly basis, it is put at 2.63%, with a gain of 0.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $656.67, showing growth from the present price of $619.32, which can serve as yet another indication of whether META is worth investing in or should be passed over.
How Do You Analyze Meta Platforms Inc Shares?
A leading company in the Internet Content & Information sector, Meta Platforms Inc (META) is based in the USA. When comparing Meta Platforms Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 29.17, there is a growth in quarterly earnings of 37.58%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
META shares are owned by institutional investors to the tune of 67.14% at present.
