Wolfe Research raised the price target for the Meta Platforms Inc (NASDAQ:META) stock to “an Outperform”. The rating was released on February 02, 2024, according to finviz. We previously noted in another research note published on February 02, 2024 by Wells Fargo that reiterated the stock to an Overweight with a price target of $536 for META stock. The research report from Wedbush has reiterated the stock to Outperform, with a price target set at $520. The stock was reiterated by UBS, who disclosed in a research note on February 02, 2024, to Buy and set the price objective to $530. In their research brief published February 02, 2024, TD Cowen analysts reiterated the Meta Platforms Inc stock to Outperform with a price target of $500.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $5.33 during the last quarter as opposed to a consensus estimate of $4.96, which indicates the company beat its estimate by $0.37, which implies that the company surprised the market by 7.50%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $4.27. This is an average of 41 analysts’ earnings, where the high earnings per share estimate is $4.9 and the low earnings per share estimate is $3.65. According to 43 analyst estimates, an average revenue estimate of $36.05B is projected for the current quarter with a high revenue estimate of $36.9B and a low estimate of $34.72B.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -2.31% within the last five trades and 1.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 65.19% in the last 6 months and 39.18% was added to its value over the previous 3 months. META stock is trading at a margin of -0.72%, 7.31% and 41.24% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, META deals in the Communication Services domain. The stock is trading -5.67 percent below its 52-week high and 149.55 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 133.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Meta Platforms Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 38.63 percent and the profit margin is 28.98 percent, and the company has reported a gross margin of 80.72 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1259.05 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Meta Platforms Inc (NASDAQ:META) is 33.15. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 21.26. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 9.33 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 8.26, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 13.98 percent of Meta Platforms Inc shares are owned by insiders, and 67.42 percent are held by financial institutions. Zuckerberg Mark, the COB and CEO at Meta Platforms Inc (META) has sold 45,495 shares of firm on Mar 27 ’24 at a price of $492.15 against the total amount of $22.39 million. In another inside trade, Zuckerberg Mark, COB and CEO of Meta Platforms Inc (NASDAQ:META) sold 31,493 shares of the firm on Mar 27 ’24 for a total worth of $15.5 million at a price of $492.14. An inside trade which took place on Mar 26 ’24, COB and CEO of Meta Platforms Inc Zuckerberg Mark sold 45,919 shares of firm against total price of $23.23 million at the cost of $505.85 per share.
