Meta Platforms Inc. Stock Forecast:
According to a forecast based on 70 analysts, the average target price for Meta Platforms Inc. stock over the next 12 months is USD 186.28, with an average analyst rating of Strong Buy. Stock Target Advisor‘s analysis of the stock is Slightly Bullish, based on 8 positive signals and 5 negative signals. As of the last closing, the stock price was USD 214.72, which is up +7.00% over the past week and +15.91% over the past month, but unchanged over the last year.
Analysts Coverage Change:
- Jefferies & Company maintains a “Buy” rating for Meta Platforms Inc., and raises the target price to $250 from $225 on the company’s stock.
- Argus Research Company Upgrades the stock to a “Buy” rating.
Meta Platforms Inc News:
Meta Platforms, Inc. (NASDAQ: META) is set to release their financial results for the first quarter of 2023 after the market closes on Wednesday, April 26, 2023.
Positive Fundamentals:
- High market capitalization
- Superior risk-adjusted returns compared to peers
- Superior return on equity compared to peers
- Superior capital utilization compared to peers
- Superior return on assets compared to peers
- Positive total cash flow in the most recent four quarters
- Positive total free cash flow in the most recent four quarters
- Top quartile revenue growth in the previous 5 years compared to its sector.
Negative Fundamentals:
- High volatility: Total returns for Meta Platforms Inc are volatile and above median for its sector over the past 5 years.
- Overpriced compared to earnings: The stock is trading high compared to its peers on a price to earnings basis and is above the sector median.
- Overpriced compared to book value: The stock is trading high compared to its peers median on a price to book value basis.
- Overpriced on cashflow basis: The stock is trading high compared to its peers on a price to cash flow basis, and is priced above the median for its sector.
- Overpriced on free cash flow basis: The stock is trading high compared to its peers on a price to free cash flow basis, and is priced above the median for its sector. Proceed with caution if you are considering to buy.
FA Score (Fundamental Analysis):
The fundamental analysis of Meta Platforms Inc. is “Slightly Bullish” with a FA score of 6.2 out of 10, where 0 is very bearish and 10 is very bullish.
