Mega Market Reset for Meta Platforms Stock

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Anyone waiting for a pullback in Meta Platforms NASDAQ: META stock should cheer the Q1 results. The news underscores the company’s strengths yet resulted in a 15% correction in the share price. Analysts are adjusting their targets but continue seeing substantial upside, leading the market to new heights. Weak guidance or not, Meta is looking ahead to a solid year and will likely outperform its targets.

Marketbeat.com is tracking more than a dozen analysts' revisions that suggest a 20% to 50% upside from the post-release price point. Most revisions are lower but range from slightly below the consensus to well above it. Several revisions are higher and also align with a consensus-or-higher outlook for share prices. The takeaway is that the consensus target, up 135% in twelve months, aligns with the all-time high share price and continues to rise. The price action in Meta may be volatile over the next few weeks or months, but a bottom for the market is close, and a rebound is on the way

Stocks Mentioned in This Episode

Company	MarketRank™	Current Price	Dividend Yield	P/E Ratio
META Meta Platforms	4.3591 of 5 stars	$441.68 +0.6%	0.45%	25.37

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Chris Markoch, Guest

MarketBeat Contributor, MarketBeat

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Thomas Hughes, Guest

MarketBeat Contributor, MarketBeat

Thomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.

Laycee Kluin, Host

Digital Marketing Strategist, MarketBeat

As MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.

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