Meta Platforms (META) has strong momentum and positive earnings estimate revisions, making it a promising buy.

From Nasdaq: 2025-02-04 12:00:04

Momentum investing involves following a stock’s recent trend, with the goal of buying high and selling higher. The Zacks Momentum Style Score helps identify key metrics for successful trades. Meta Platforms (META) has a Momentum Style Score of A, driven by factors like price change and earnings estimate revisions. It also has a Zacks Rank of #2 (Buy).

META’s stock performance is strong, up 6.44% in the past week and 10.67% monthly, outperforming the industry. Over the last quarter and year, shares have risen 19.6% and 51.82%, respectively, beating the S&P 500. With an average 20-day trading volume of 15,033,907 shares, META shows bullish signs.

Earnings estimate revisions play a crucial role in the Zacks Momentum Style Score. META’s consensus estimate has increased from $25.17 to $26.66 for the full year, with positive trends in the next fiscal year as well. With a #2 (Buy) stock rating and Momentum Score of A, META is a promising pick for investors.

The Director of Research at Zacks names a top stock pick set to double in value. This company targets millennial and Gen Z audiences, generating significant revenue. With a recent pullback in its stock price, now could be an ideal time to invest. Past Zacks picks have seen substantial growth, making this new pick worth considering.



Read more at Nasdaq: Meta Platforms (META) is a Great Momentum Stock: Should You Buy?