META on the Rise — Is This a Turnaround?

By Tamara Parker • Friday, March 24 08:59 • Permanent Link

Meta Platforms rose 2.24% during the premarket session to $204.28 per share.

The company develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 6.23. In contrast, Meta Platforms has a trailing 12 month P/E ratio of 23.03 and a P/B ratio of 2.598.

Meta Platforms has moved -7.91% over the last year compared to -13.08% for the S&P 500 -- a difference of 5.17%. Meta Platforms has a 52 week high of $236.86 and a 52 week low of $88.09. At today's price of $204.28 per share, Meta Platforms is -6.84% away from its target price of $219.28, and on average, analysts give the stock a rating of buy. 1.23% of the company's shares are linked to short positions, and 76.06% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.