Meta Platforms, Inc. Class A Common Stock | META

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

Investors didn't show much interest in one Meta Platforms way or another today. It hasn't moved too much today but is slightly down, it lost -0.35% since yesterday. It looks like META may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line META is near a weak support line. We'll see if it bounces off or heads lower. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.

If we get a reversal off of support and Meta Platforms starts moving up, it can probably get to $736.67 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $537.33 at which point, it may have a chance of recovering from there.

Analyst Ratings for Meta Platforms By Price Target And Rating

The analysts are pretty neutral on Meta Platforms right now, so not much useful information here. The current Analysts Sentiment Score is 8.63. 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.