Positive. Time to consider buying META stock near all-time highs based on strong financial performance and analyst ratings.

From Nasdaq: 2024-09-25 19:00:00

Meta Platforms (META) stock has surged over 60% this year, reaching all-time highs of $576 a share. With strong financial performance, Meta has beaten earnings estimates for seven straight quarters, with Q2 EPS at $5.16, up 60% from the prior year.

Analysts remain bullish on Meta, with 39 out of 45 brokers giving the stock a strong buy rating. Meta’s focus on innovation, particularly in artificial intelligence, has been well received by the market.

Despite the impressive rally, Meta shares trade at an attractive valuation compared to other tech peers, with a forward P/E ratio of 26.3X. Analysts expect continued upside potential, with an average price target of $579.19.

Experts have identified 7 elite stocks, including Meta, as the most likely for early price pops. These hand-picked stocks have historically outperformed the market with an average annual gain of 23.7% since 1988.



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