Meta Platforms, Inc. (META:NSD) Analysts cut targets but stock still a Strong Buy

Itau Unibanco initiates Meta Platforms, Inc. to market perform at a Meta price target of $188.

Based on the Meta Platforms stock forecast from 19 analysts, the average analyst Meta price target is USD 234.00 over the next 12 months. Meta Platforms, Inc.’s average analyst rating is Strong Buy. Stock Target Advisor’s own meta stock forecast analysis is Neutral, which is based on 1 positive signal and 1 negative signals. At the last closing, Meta stock price was USD 169.58Meta stock price has changed by -13.51% over the past week, +0.09% over the past month and +1,059.71% over the last year.

Meta Platforms, Inc. (formerly known as Facebook Inc. and TheFacebook) is now doing business as Meta. It provides technology solutions to people, communities, and businesses. The company owns Facebook, Instagram, WhatsApp among other products and services. Meta Platforms, Inc. is an  American multinational conglomerate which is based in Menlo Park, California.

Latest Meta Analyst Ratings:

What we like:

Superior risk adjusted returns:

Meta Platforms stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

 

What we don’t like:

High volatility:

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in Meta Platforms stock.