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Stock Charts AI Power Rank: 1.6
Power Rank trend -> Falling
07/26/2024 16:29:00 EST
Meta Platforms Inc. (META)
Industry: Internet Content & Information
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, META has been trading in a range between $539.91 and $461.99 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Meta Platforms Inc. $META entered a Red zone 11 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $341.68, a potential down side of -26.63% from the recent price of 465.70. The stock is trading 16.56% (potential upside) below its 52 week high of $542.81 and 70.08 % (potential downside) above its 52 week low of $273.82 - based on the recent price.
Company Summary
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs.
News
| Mag 7 Earnings Loom: A Closer Look The 2024 Q2 earnings season continues to roll on, with next week's reporting docket stacked with many notable names. The period has remained positive so far, with the big banks' results not causing any spooks. Source: Zacks Investment Research Fri, 26 Jul 2024 20:11:47 -0400 Sentiment: Positive |
| What You Need To Know Ahead of Meta's Earnings Report UPDATE—July 26, 2024: This article has been updated to reflect more recent share price information. Source: Investopedia Fri, 26 Jul 2024 19:15:42 -0400 Sentiment: Neutral |
| Final Trade: WST, OIH, META, GOOGL The final trades of the day with CNBC's Melissa Lee and the Fast Money traders. Source: CNBC Television Fri, 26 Jul 2024 19:04:57 -0400 Sentiment: Neutral |
| “Magnificent 7” Stocks Rebound; Is the Stock Rotation Dead? Key Points in this Article Russell 2000 is up close to 12% in July while money has been flowing into small cap stocks. Source: 24/7 Wall Street Fri, 26 Jul 2024 15:57:56 -0400 Sentiment: Positive |
| Meta Platforms: Still A Compelling Opportunity As Earnings Near Facebook parent Meta Platforms has seen a 398.6% stock increase since October 2022, outperforming the S&P 500. Analysts anticipate revenue growth of 19.6% and earnings per share of $4.74 for Meta Platforms for the second quarter of 2024. Despite heavy investments in Reality Labs, Meta Platforms has improved profit margins and increased share buybacks, which has been fuel for its rising share price. Source: Seeking Alpha Fri, 26 Jul 2024 13:07:34 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 542.81 52 Week Low: 273.8173 Beta: 1.212 50 Day MA: 492.1072 200 Day MA: 428.8906 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.141 Qtr Revenue Growth YOY: 0.273 Forward PE: 25.3165 Trailing PE: 26.1031