Meta Platforms Inc (NASDAQ: META) has reported earnings for its first fiscal quarter (ending March 31) of $4.86 versus $2.21 for the same period a year ago. E.P.S. were $17.85 for the latest four quarters through March 31 versus $8.08 for the same period a year ago.
Recent Price Action
Meta Platforms Inc (NASDAQ: META) stock declined slightly by -0.5% on 4/24/24. The stock closed at $493.50. Moreover, exceptionally high trading volume at 228% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, META is expected to continue to be a major Value Builder.
Meta Platforms has a current Value Trend Rating of A (Highest Rating). 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 46 but a very high Power Rating of 98, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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