Meta Platforms Target Price Elevated to $575 by Tigress Financial

Analytical experts at Tigress Financial have increased their price target for Meta Platforms, traded on NASDAQ under the ticker META, from the previous $435.00 to a new high of $575.00. This revision in the stock price target was reported on Friday by financial authorities. Tigress Financial maintains a 'strong-buy' stance on the stock of the influential social media conglomerate, with their new price target suggesting a 22.83% rise from the stock's recent closing figure.

Analysts Chime In on META

Various other research entities have also presented their views on META recently. Oppenheimer raised their price goal from $385.00 to $525.00 and retained an 'outperform' rating. On the same day, JPMorgan Chase & Co. revised its price target from $420.00 to $535.00 and marked the stock as 'overweight'. Canaccord Genuity Group also hiked its target from $450.00 to $540.00, giving it a 'buy' recommendation. Mizuho escalated their price target to $575.00 and gave META a 'buy' rating. Not to be left out, KeyCorp increased their aim to similarly $575.00 on January 30th, endorsing an 'overweight' rating.

Reflecting these optimistic assessments, Meta Platforms currently possesses an average analyst rating of 'Moderate Buy' with a consensus target price pegged at $494.53, according to compiled research from MarketBeat.com. Out of the multitude of analyst ratings, two suggest selling, two advise holding, forty anticipate buying, and two stand with a 'strong buy' position.

The Financial Performance of Meta Platforms

On the financial front, META commenced the trading session at $468.11. The company shows a debt-to-equity proportion of 0.12, a quick ratio of 2.57, and a current ratio of 2.67. Sporting a market cap around $1.20 trillion, it also flaunts a price-to-earnings (PE) ratio of 31.42 and a P/E/G ratio of 1.23, coupled with a beta value of 1.15. Its 50-day and 200-day simple moving averages are $371.59 and $331.84, respectively, while its 52-week range varies from $167.66 to $485.96.

In its latest quarterly report, announced on February 1st, Meta Platforms revealed earnings of $5.33 per share, surpassing estimates by $0.51. The company's quarterly revenue also exceeded expectations, coming in at $40.11 billion, marking a 24.7% year-over-year increase. Predictions suggest that Meta Platforms will record an EPS of 19.62 for the current fiscal year.

Insider Activity within Meta Platforms

Recent insider trading activity has seen various company officials selling shares. These transactions, along with other recent insider sales, are filed with the SEC and provide insight into the confidence levels of Meta's top brass concerning their own company's stock.

Institutional Investments

Examining the investment patterns, numerous institutional investors and hedge funds have recently modified their holdings in META. Highlighting a few, Norges Bank and Morgan Stanley initiated new positions worth billions in the fourth quarter. Similarly, other notable financial institutions significantly increased their stakes in Meta Platforms, indicating a strong institutional interest in the company.

About Meta Platforms

Meta Platforms, Inc. is focused on building technology that facilitates connecting and sharing among people worldwide. Divided into the Family of Apps and Reality Labs segments, the company operates popular platforms such as Facebook, Instagram, Messenger, and WhatsApp. These applications serve to foster communications and transactions between individuals and businesses globally.

Meta, NASDAQ, Investment