The Analyst Verdict: Meta Platforms In The Eyes Of 17 Experts
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Meta Platforms (NASDAQ:META) with 17 reviews in the past three months. The average 12-month price target is $401.35, up 6.79% from the previous target. Analysts' actions include raising and maintaining ratings, with price targets ranging from $350 to $470. Meta's financial performance is strong, with a market cap above industry benchmarks, a revenue growth rate of 23.21%, a net margin of 33.92%, an ROE of 8.37%, an ROA of 5.48%, and a low debt-to-equity ratio of 0.25.
January 17, 2024 | 8:00 pm
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Meta Platforms has received mixed ratings from analysts, with an updated average 12-month price target of $401.35. The company's strong financial performance is reflected in its revenue growth, net margin, ROE, ROA, and low debt levels.
The mixed analyst ratings with a higher average price target suggest cautious optimism. The strong financial indicators such as high revenue growth, net margin, ROE, ROA, and low debt-to-equity ratio support a positive outlook for Meta Platforms in the short term. The recent positive shift in the average price target indicates that analysts are recognizing the company's strong performance and potential for growth, which could lead to an increase in investor confidence and a potential rise in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100