Meta Breaks Out Of A Base, Looks Like A Growth Stock Again

Key Points

Meta Platforms broke out of a flat base on March 15 and is holding nearly 14% above its 50-day average.
In the past 12 months, institutional investors accounted for more buying than selling, which bodes well for future price growth.
This year, Wall Street expects an earnings increase of 48%, with another 17% increase forecast for next year.
5 stocks we like better than Meta Platforms

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Kate Stalter

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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Meta Platforms (META)	4.4576 of 5 stars 4.46 / 5 stars	$465.70	+2.7%	0.43%	26.75	Moderate Buy	$525.66
Amazon.com (AMZN)	4.9211 of 5 stars 4.92 / 5 stars	$182.50	+1.5%	0.11%	51.12	Buy	$220.04
Apple (AAPL)	4.6729 of 5 stars 4.67 / 5 stars	$217.96	+0.2%	0.46%	33.90	Moderate Buy	$230.09
Netflix (NFLX)	4.5768 of 5 stars 4.58 / 5 stars	$631.37	-0.4%	N/A	43.81	Moderate Buy	$681.21
Alphabet (GOOGL)	4.1634 of 5 stars 4.16 / 5 stars	$167.00	-0.2%	0.48%	25.61	Moderate Buy	$203.74