20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Across the recent three months, 29 analysts have shared their insights on Meta Platforms (NASDAQ:META), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 14 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 11 | 12 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $506.66, a high estimate of $609.00, and a low estimate of $397.00. This upward trend is apparent, with the current average reflecting a 19.34% increase from the previous average price target of $424.56.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of Meta Platforms by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $600.00 | $609.00 |
| Rohit Kulkarni | Roth MKM | Maintains | Buy | $500.00 | $500.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $609.00 | $536.00 |
| Ivan Feinseth | Tigress Financial | Raises | Strong Buy | $575.00 | $435.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $500.00 | $414.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $535.00 | $420.00 |
| Robert Zeller | Truist Securities | Raises | Buy | $525.00 | $405.00 |
| Mark Kelley | Stifel | Raises | Buy | $527.00 | $405.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $530.00 | $425.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $525.00 | $385.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $500.00 | $410.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $565.00 | $400.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $500.00 | $365.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $500.00 | $414.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $575.00 | $465.00 |
| Josh Beck | Raymond James | Raises | Strong Buy | $550.00 | $450.00 |
| Scott Devitt | Wedbush | Raises | Outperform | $520.00 | $420.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $550.00 | $400.00 |
| Ross Sandler | Barclays | Raises | Overweight | $550.00 | $400.00 |
| Ronald Josey | Citigroup | Raises | Buy | $525.00 | $440.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $465.00 | $380.00 |
| Brent Thill | Jefferies | Raises | Buy | $455.00 | $425.00 |
| Josh Beck | Raymond James | Raises | Strong Buy | $450.00 | $425.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $400.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $410.00 | $380.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $415.00 | $355.00 |
| James Lee | Mizuho | Raises | Buy | $470.00 | $400.00 |
| James Lee | Mizuho | Raises | Buy | $470.00 | $400.00 |
| Brian Pitz | BMO Capital | Announces | Market Perform | $397.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Meta Platforms. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Meta Platforms compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Meta Platforms's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Meta Platforms analyst ratings.
Discovering Meta Platforms: A Closer Look
Meta is the world's largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.
Meta Platforms: Delving into Financials
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining Meta Platforms's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.7% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Meta Platforms's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 34.95%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.47%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Meta Platforms's ROA excels beyond industry benchmarks, reaching 6.29%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.24, Meta Platforms adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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