Meta Platforms, Inc. Class A Common Stock | META

Daily Technical Analysis of Meta Platforms, Inc. Class A Common Stock

There wasn't too much excitement in Meta Platforms today which only managed to move up 0.79% on the day.

It looks like Meta Platforms isn't currently at a very decisive point in regards to support/resistance levels. But let's also consider momentum! Meta Platforms has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the asset has grown 67.82 percent which isn't too bad. META might find some support at the 191.62 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Meta Platforms By Price Target And Rating

The analysts feel fairly neutral on the prospects for Meta Platforms but a little more positive than negative. The current Analysts Sentiment Score is 39.32. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JMP Securities reiterated a rating of Market Outperform on 2024-04-22 and added a price target of $550.00. KeyCorp provided a price target decease of -3.48% to $555.00 from $575.00 on 2024-04-22. On 2024-04-22 there was confirmation of the previous rating by Benchmark which was Hold. Sanford C. Bernstein boosted their price targ by 10.28% to $590.00 on 2024-04-18. Truist Financial decided to move up their price target on 2024-04-17 to $550.00 which is a 4.76% increase. On 2024-04-17 Canaccord Genuity Group increased their price target by 5.17% to $610.00. On 2024-04-16 UBS Group increased their price target by 15.09% to $610.00. On 2024-04-16 Stifel Nicolaus increased their price target by 11.57% to $588.00. On 2024-04-15 Citigroup increased their price target by 12.38% to $590.00. On 2024-04-15 The Goldman Sachs Group increased their price target by 11% to $555.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Meta Platforms

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Meta Platforms

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.