From Nasdaq:

Before deciding to buy, sell, or hold a stock, investors often look to Wall Street analysts’ recommendations. Meta Platforms, for example, has a Buy-equivalent average broker recommendation (ABR) of 1.29, but these ratings may not always guide investors to the best stocks for maximum gains. Research shows that “sell-side” analysts bask largely in positive bias when rating stocks.

Zacks Rank, a stock rating tool, carefully categorizes stocks based on their anticipated price performance, ranging from 1 (Strong Buy) to 5 (Strong Sell). It is suggested that scrutinizing a stock’s ABR against the Zacks Rank may lead to better investment choices.

ABR and Zacks Rank have distinct methodologies. ABR is solely based on analysts’ recommendations, and is typically displayed in decimals. The Zacks Rank, shown as a whole number, is principally influenced by earnings estimate revisions and has historically proven to be risk-free from biased recommendations.

A study of Meta Platforms’ earning estimates revealed a 10.8% increase to the Zacks Consensus Estimate for the current year. This growing optimism among analysts over the company’s earnings prospects has resulted in a Zacks Rank #1 (Strong Buy). This makes Meta Platforms one of the top stocks to look out for in 2024.

This was a noteworthy and helpful reaction from investors as Zacks Investment Research reveals its Top 10 Stocks for 2024. The portfolio outpaced the S&P 500 by nearly triple the gain and is available for early access. If Meta Platforms piques your interest, you can find the latest recommendations and news articles at the included links.



Read more: Wall Street Analysts Look Bullish on Meta Platforms (META): Should You Buy?