Meta Platforms (META) stock closed slightly higher than previous day, but underperformed S&P 500

From Nasdaq: 2025-01-03 17:45:22

In the latest trading session, Meta Platforms (META) closed at $604.63, up 0.9% from the previous day, trailing behind S&P 500’s gain of 1.26%. The stock dropped by 1.59% in the past month, outpacing S&P 500’s loss of 2.82%.

Market watchers await Meta Platforms’ financial results. Expected EPS is $6.76, a 26.83% increase from the previous year. Revenue is projected at $46.98 billion, up 17.13% YoY. Analyst estimate revisions impact short-term stock momentum.

META currently holds a Zacks Rank of #2 (Buy) and trades at a Forward P/E ratio of 23.8, a discount compared to industry average of 27.87.

The company’s PEG ratio stands at 1.19, indicating growth potential. The Internet – Software industry has an average PEG ratio of 2.04. The industry ranks in the top 10% of more than 250 industries.

Research Chief identifies a top stock pick set to double. This company targets millennial and Gen Z audiences, generating significant revenue. A recent pullback presents an opportunity for growth. Earlier picks like Nano-X Imaging soared +129.6% in 9 months.



Read more at Nasdaq: Here’s Why Meta Platforms (META) Gained But Lagged the Market Today