Posted 4/8/2024, 9:45:21 PM
Meta Stock Outperforms Broader Market Despite Recent Dip, Positive Growth Trends Predicted
- Meta Platforms (META) stock closed down 1.53% vs 0.04% loss for S&P 500
- META stock is up 4.23% over the past month, outperforming the S&P 500
- META expected to post strong 61.74% EPS growth and 25.94% revenue growth in next earnings report
- META has a Zacks Rank of #2 (Buy) and is trading at a valuation discount to its industry
- META stock likely to be impacted by estimate revisions that directly associate with stock price changes