Making full use of the opportunities offered by the stock market and investing with confidence are common goals for both new and old investors.
Even if you have an investing style you rely on, finding great stocks is made easier with Zacks Style Scores, complementary indicators that evaluate stocks based on value, growth and/or momentum characteristics.
Why this growth stock should be on your watchlist
Growth investors build their portfolios around companies that are financially strong and have a promising future ahead of them. The Growth Style Score helps consider forecast and historical earnings, revenue and cash flow to find stocks that will experience long-term, sustainable growth.
Meta-platforms (META)
Meta Platforms is the world’s largest social media platform. The company’s portfolio has grown from a single Facebook app to multiple apps such as the photo and video sharing app Instagram and the messaging app WhatsApp due to acquisitions. Together with the self-developed Messenger, these apps now form Meta’s product family, which is used by almost 3.24 billion people every day as of March 31, 2024.
META has a Growth Style Score of B and a VGM Score of B and carries a Zacks Rank #3 (Hold) rating. Earnings are expected to grow 43.6% year-over-year by 2024, while Wall Street expects revenue to improve 19.8%.
16 analysts have upgraded their earnings estimates over the past 60 days, and the Zacks Consensus Estimate has increased $0.77 to $21.36 per share for 2024. META has an average earnings surprise of 12.6%.
On the cash flow side, Meta Platforms is expected to grow cash flow by 42.7% this year; META has grown cash flow by 13.7% over the past three to five years.
With solid fundamentals, a good Zacks ranking, and top-notch Growth and VGM Style Scores, META should be on investors’ shortlist.
Want the latest recommendations from Zacks Investment Research? Download the 7 best stocks for the next 30 days today. Click here to get this free report
Meta Platforms, Inc. (META): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks Investment Research
