Meta Platforms Inc [META] is 32.25% higher this YTD. Is it still time to buy?

Meta Platforms Inc [NASDAQ: META] price surged by 468.11 percent to reach at $442.11. The company report on February 1, 2024 at 4:05 PM that Meta Reports Fourth Quarter and Full Year 2023 Results; Initiates Quarterly Dividend.

Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023.

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“We had a good quarter as our community and business continue to grow,” said Mark Zuckerberg, Meta founder and CEO. “We’ve made a lot of progress on our vision for advancing AI and the metaverse.”.

The one-year META stock forecast points to a potential upside of 8.45. The average equity rating for META stock is currently 1.45, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Meta Platforms Inc [META]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for META shares is $513.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on META stock is a recommendation set at 1.45. 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.

Wolfe Research have made an estimate for Meta Platforms Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 02, 2024.

The Average True Range (ATR) for Meta Platforms Inc is set at 13.53, with the Price to Sales ratio for META stock in the period of the last 12 months amounting to 8.85. The Price to Book ratio for the last quarter was 7.83, with the Price to Cash per share for the same quarter was set at 25.69. Price to Free Cash Flow for META in the course of the last twelve months was 27.22 with Quick ratio for the last quarter at 2.67.

META Stock Performance Analysis:

Meta Platforms Inc [META] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.45. With this latest performance, META shares gained by 26.36% in over the last four-week period, additionally plugging by 53.11% over the last 6 months – not to mention a rise of 155.20% 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 META stock in for the last two-week period is set at 76.06, with the RSI for the last a single of trading hit 76.32, and the three-weeks RSI is set at 75.04 for Meta Platforms Inc [META]. The present Moving Average for the last 50 days of trading for this stock 369.64, while it was recorded at 464.37 for the last single week of trading, and 312.01 for the last 200 days.

Insight into Meta Platforms Inc Fundamentals:

Meta Platforms Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.67 and a Current Ratio set at 2.67.

META Stock EPS

With the latest financial reports released by the company, Meta Platforms Inc posted 2.2/share EPS, while the average EPS was predicted by analysts to be reported at 2.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.40%. 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 META. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Meta Platforms Inc go to 26.00%.

Meta Platforms Inc [META] Institutonal Ownership Details

The top three institutional holders of META stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in META stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in META stock with ownership which is approximately 5.8325%.