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

Kate Stalter
Written by Kate Stalter
March 28, 2023

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.
  • MarketBeat previews the top five stocks to own by April 1st.
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Should You Invest $1,000 in Meta Platforms Right Now?

Before you consider Meta Platforms, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.

While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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Metaverse Stocks And Why You Can't Ignore Them Cover
Metaverse Stocks And Why You Can't Ignore Them

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Meta Platforms (META)
4.3579 of 5 stars		$626.31+1.2%0.34%26.18Moderate Buy$718.31
Amazon.com (AMZN)
4.9232 of 5 stars		$205.71+1.2%0.10%37.20Moderate Buy$260.65
Apple (AAPL)
4.2042 of 5 stars		$223.75+1.4%0.45%35.52Moderate Buy$243.65
Netflix (NFLX)
3.9558 of 5 stars		$997.28+2.6%N/A50.29Moderate Buy$1,016.78
Alphabet (GOOGL)
4.2584 of 5 stars		$170.56+1.7%0.47%21.19Moderate Buy$210.59
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