Analyst Ratings Coverage
Meta Platforms Inc., the tech giant behind social media platforms like Facebook and Instagram, has garnered attention from analysts who have provided forecasts, ratings, and insights into the company’s stock.
As of February 2, 2024, Meta Platforms Inc.’s stock received 3 analyst ratings and target price adjustments:
Morningstar:
Maintains a “Hold” rating.
Target price set at USD 400.
Monness, Crespi, Hardt & Co.:
Upgrades rating to “Buy” from the previous “Hold.”
Raises the target price from USD 370 to USD 540.
Citigroup:
Maintains a “Buy” rating.
Increases the target price from USD 440 to USD 525.
Robert W. Baird:
Maintains a “Buy” rating.
Target price set upward to $525 from $385
Average Analyst Target Price and Rating:
- Target Price: The average analyst target price for Meta Platforms Inc. is USD 406.95 over the next 12 months, as forecasted by 23 analysts. This represents an optimistic outlook, suggesting an expected increase in Meta’s stock value in the coming year, according to the consensus of these analysts.
- Analyst Rating: Meta Platforms Inc. holds an average analyst rating of “Strong Buy.” This consensus among analysts indicates a high level of confidence in Meta’s future performance. The “Strong Buy” rating suggests that, on average, analysts believe Meta’s stock is well-positioned for growth.
Stock Target Advisor’s Analysis:
- Analysis: Stock Target Advisor’s evaluation of Meta Platforms Inc.’s stock is described as “Slightly Bullish.” This suggests a moderately positive stance based on the signals analyzed.
- Signals: The analysis considers 11 positive signals and 5 negative signals, contributing to the slightly bullish outlook. These signals encompass various factors, including financial indicators, market trends, and Meta’s overall business environment.
Recent Stock Performance:
- Last Closing Price: At the last closing, Meta Platforms Inc.’s stock was priced at USD 394.78.
- Price Change:
- Past Week: +0.41%
- Past Month: +11.53%
- Last Year: +157.82%
The recent stock performance data highlights positive trends, with consistent growth observed over different timeframes. The substantial 157.82% increase in Meta’s stock price over the last year underscores the company’s strong performance in the market.
Interpreting the Insights:
- Analyst Consensus: The average analyst target price and “Strong Buy” rating suggest a collective belief in Meta’s growth potential among industry experts.
- Stock Target Advisor’s Analysis: The slightly bullish stance from Stock Target Advisor aligns with the positive signals identified, reinforcing the optimistic outlook for Meta Platforms Inc.’s stock.
- Recent Performance: The notable increases in Meta’s stock price over the past week, month, and year indicate favorable market sentiment and confidence in the company’s ability to deliver value to investors.
Outlook
Investors and stakeholders in Meta Platforms Inc. may find these insights valuable when making decisions about their holdings. While the average analyst target price and rating indicate positive expectations, the slightly bullish analysis from Stock Target Advisor provides additional context. As with any investment, it’s essential to conduct thorough research, consider multiple perspectives, and stay informed about industry trends to make well-informed decisions in the dynamic landscape of the stock market.
