From Nasdaq:

Meta Platforms (META) is a trending stock at Zacks.com, with a +8.8% month-over-month return while the Zacks S&P 500 composite has seen a +4% change. The current earnings estimate is $4.77 per share, a +59% y/y change, and a consensus estimate of $14.32 for the current fiscal year, +45.7% y/y. The company is ranked as a Zacks Rank #2 stock.

The Zacks Rank, a stock rating tool, gives Meta Platforms, Inc. a rank of #2 (Buy). The consensus sales estimate for this quarter is $38.69 billion, indicating +20.3% y/y change. Compared to the Zacks Consensus Estimate, the last quarter’s revenues were a surprise of +2.07%. The Zacks Value Style Score, used to determine a stock’s valuation, grades Meta Platforms as C.

NVIDIA remains strong, but Zacks.com is promoting a new semiconductor stock projected to explode from $452 billion in 2021 to $803 billion by 2028. This new semiconductor stock is positioned to feed the growing demands for AI, ML and IoT. Interested investors can get free access to these stock recommendations.



Read more: Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It