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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 May 1st.
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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Meta Platforms (META)
4.4822 of 5 stars		$502.31-3.7%0.42%21.00Moderate Buy$686.83
Amazon.com (AMZN)
4.923 of 5 stars		$174.33-2.9%0.11%31.52Moderate Buy$252.73
Apple (AAPL)
4.8202 of 5 stars		$194.27-3.9%0.51%30.84Moderate Buy$235.85
Netflix (NFLX)
3.9348 of 5 stars		$961.63-1.5%N/A48.49Moderate Buy$1,021.31
Alphabet (GOOGL)
4.7347 of 5 stars		$153.33-1.9%0.52%19.05Moderate Buy$202.46
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