Meta Platforms (META) stock remained flat while market gains; analysts expect positive growth trends.

From Nasdaq: 2024-09-10 17:45:21

Meta Platforms (META) closed at $504.79, unchanged from the previous day, while the S&P 500 gained 0.45% and the Nasdaq increased by 0.84%. Over the past month, META shares lost 2.16%. Analysts expect EPS of $5.14 and revenue of $40.08 billion for this quarter, showing positive growth trends.

With a Zacks Rank of #3 (Hold), Meta Platforms is trading at a Forward P/E ratio of 23.63, below the industry average. The company has a PEG ratio of 1.24, with the Internet – Software industry showing an average PEG ratio of 2.03. The industry ranks in the top 33% of all industries, making it a strong sector for investment.

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Read more at Nasdaq: Meta Platforms (META) Flat As Market Gains: What You Should Know