From Nasdaq:

Momentum investing is all about following the recent trend in a stock’s price. Zacks Momentum Style Score provides a clearer picture of META, which currently holds a Momentum Style Score of B. This complements the Zacks Rank, where META Platforms currently ranks #2 (Buy).

Shares of Meta Platforms are looking promising based on their recent price performance. The comparison with the Zacks Internet – Software industry shows favorable short-term and longer-term price changes. In the past quarter, META shares have risen 12.22%, and they are up 194.13% in the last year. The average 20-day trading volume for META is currently 15,967,293 shares.

The Zacks Momentum Style Score also takes into account the trend of earnings estimate revisions. Over the past two months, the consensus estimate for META has increased from $14.21 to $14.32 for the full year. For the next fiscal year, 1 estimate has moved upwards.

META is a #2 (Buy) stock with a Momentum Score of B, presenting a great opportunity for investors. With its increasing consensus estimate and favorable price performance, it is one to watch for potential short-term growth.

Zacks experts have identified a top stock pick set to double. It is a little-known chemical company with potential for explosive upside. With soaring 2022 earnings estimates and a share repurchase program, this pick stands out in the market. For more top stock recommendations, download the free Zacks report.

For a free stock analysis report on Meta Platforms, Inc. (META) and to read the full article on Zacks.com click here.



Read more: Are You Looking for a Top Momentum Pick? Why Meta Platforms (META) is a Great Choice