Meta Platforms stock rises 1.19% amid market dip, strong buy rating and positive earnings outlook.

From Nasdaq: 2024-04-01 17:45:19

In the latest trading session, Meta Platforms closed at $491.35, a +1.19% increase from the previous day, outpacing the S&P 500. Analysts predict the company will post an EPS of $4.27 and revenue of $36.07 billion in its upcoming earnings report. The Zacks Rank for Meta Platforms is currently a #1 (Strong Buy).

Investors should note Meta Platforms’s valuation metrics, including its Forward P/E ratio of 24.35, a discount compared to the industry average. The company also has a PEG ratio of 1.25, lower than the industry average of 1.92. The Internet – Software industry has a Zacks Industry Rank of 39, positioning it in the top 16% of all industries.

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Read more at Nasdaq: Meta Platforms (META) Rises As Market Takes a Dip: Key Facts