Market Analysts see Meta Platforms Inc. [FB] gaining to $300. Time to buy?


Meta Platforms Inc. [NASDAQ: FB] plunged by -$8.08 during the normal trading session on Friday and reaching a high of $196.61 during the day while it closed the day at $190.78. The company report on May 31, 2022 that Meta Platforms, Inc. to Change Ticker Symbol to ‘META’ on June 9.

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Meta Platforms, Inc. (Nasdaq: FB) today announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022. This will replace the company’s current ticker symbol ‘FB’, which has been used since its initial public offering in 2012. The new ticker symbol aligns with the company’s rebranding from Facebook to Meta, announced on October 28, 2021.

No action by the company’s shareholders is required with respect to the ticker symbol change. The company’s Class A common stock will continue to be listed on NASDAQ and its CUSIP number will remain unchanged.

Meta Platforms Inc. stock has also loss -0.44% of its value over the past 7 days. However, FB stock has declined by -4.64% in the 3 months of the year. Over the past six months meanwhile, it has lost -38.54% and lost -43.28% year-on date.

The market cap for FB stock reached $538.18 billion, with 2.73 billion shares outstanding and 2.28 billion shares in the current float. Compared to the average trading volume of 32.78M shares, FB reached a trading volume of 19410205 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Meta Platforms Inc. [FB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FB shares is $294.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FB stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Meta Platforms Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 20, 2022. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Neutral. The new note on the price target was released on April 19, 2022, representing the official price target for Meta Platforms Inc. stock. Previously, the target price had yet another raise to $265, while Deutsche Bank analysts kept a Buy rating on FB stock. On March 02, 2022, analysts decreased their price target for FB shares from 360 to 325.

The Average True Range (ATR) for Meta Platforms Inc. is set at 10.81, with the Price to Sales ratio for FB stock in the period of the last 12 months amounting to 4.50. The Price to Book ratio for the last quarter was 4.22, with the Price to Cash per share for the same quarter was set at 15.56. Price to Free Cash Flow for FB in the course of the last twelve months was 13.53 with Quick ratio for the last quarter at 2.80.

FB stock trade performance evaluation

Meta Platforms Inc. [FB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.44. With this latest performance, FB shares dropped by -14.61% in over the last four-week period, additionally sinking by -38.54% over the last 6 months – not to mention a drop of -42.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FB stock in for the last two-week period is set at 46.44, with the RSI for the last a single of trading hit 46.71, and the three-weeks RSI is set at 46.02 for Meta Platforms Inc. [FB]. The present Moving Average for the last 50 days of trading for this stock 204.81, while it was recorded at 193.41 for the last single week of trading, and 282.95 for the last 200 days.

Meta Platforms Inc. [FB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Meta Platforms Inc. [FB] shares currently have an operating margin of +39.65 and a Gross Margin at +80.79. Meta Platforms Inc.’s Net Margin is presently recorded at +33.38.

Return on Equity for this stock inclined to 31.10, with Return on Assets sitting at 24.21.

Meta Platforms Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

Earnings per share (EPS) analysis for Meta Platforms Inc. [FB] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Meta Platforms Inc. go to 7.53%.

Meta Platforms Inc. [FB]: Insider Ownership positions

There are presently around $329,840 million, or 76.70% of FB stock, in the hands of institutional investors. The top three institutional holders of FB stocks are: VANGUARD GROUP INC with ownership of 180,453,366, which is approximately -0.831% of the company’s market cap and around 0.55% of the total institutional ownership; BLACKROCK INC., holding 149,971,299 shares of the stock with an approximate value of $28.61 billion in FB stocks shares; and FMR LLC, currently with $23.41 billion in FB stock with ownership of nearly -3.675% of the company’s market capitalization.

Positions in Meta Platforms Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,778 institutional holders increased their position in Meta Platforms Inc. [NASDAQ:FB] by around 105,040,413 shares. Additionally, 1,690 investors decreased positions by around 169,870,007 shares, while 226 investors held positions by with 1,453,993,353 shares. The mentioned changes placed institutional holdings at 1,728,903,773 shares, according to the latest SEC report filing. FB stock had 221 new institutional investments in for a total of 15,453,338 shares, while 390 institutional investors sold positions of 22,310,543 shares during the same period.