What's Going On With Facebook Parent Meta Platforms' Stock?
Portfolio Pulse from Erica Kollmann
Meta Platforms, Inc. (NASDAQ:META) shares reached a new all-time high of $530.00 after Jefferies maintained a Buy rating and raised its price target from $550 to $585. The company clarified it did not share private messages with Netflix, allowing users to message friends about Netflix content directly. Meta is expected to announce Q1 financial results with earnings of $4.28 per share and revenue of $36.051 billion. The stock has grown 23.73% over the past 5 years with a beta of 1.0, indicating high volatility. Its forward P/E ratio is 25.25, above the S&P 500 average.
April 04, 2024 | 7:18 pm
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Meta Platforms, Inc. (NASDAQ:META) shares reached a new all-time high of $530.00 after Jefferies maintained a Buy rating and raised its price target from $550 to $585. Expected to announce Q1 financial results with earnings of $4.28 per share and revenue of $36.051 billion.
The positive analyst rating and raised price target by Jefferies likely contribute to investor optimism, driving the stock to a new all-time high. The upcoming Q1 financial results announcement could further influence the stock's performance, depending on whether the actual results meet, exceed, or fall short of expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100