Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Meta Platforms Inc (NASDAQ: META) weakened in the last week. META’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Meta Platforms Inc (NASDAQ: META) stock closed at $576.47 on 10/1/24 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has risen 2.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, META is expected to continue to be a major Value Builder.
Meta Platforms has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Meta Platforms has a neutral Appreciation Score of 47 but a good Power Rating of 80, leading to the High Neutral Value Trend Rating.
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