Blurbs

Monness Thinks Meta Platforms’ Stock is Going to Recover

Monness analyst Brian White maintained a Buy rating on Meta Platforms (METAResearch Report) today and set a price target of $230.00. The company’s shares closed last Wednesday at $169.58, close to its 52-week low of $154.25.

According to TipRanks.com, White is a 5-star analyst with an average return of 11.1% and a 59.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Palantir Technologies, and Alphabet Class A.

Currently, the analyst consensus on Meta Platforms is a Moderate Buy with an average price target of $227.63, which is a 40.0% upside from current levels. In a report issued on July 13, Cowen & Co. also maintained a Buy rating on the stock with a $275.00 price target.

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The company has a one-year high of $384.33 and a one-year low of $154.25. Currently, Meta Platforms has an average volume of 32.07M.

Based on the recent corporate insider activity of 182 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of META in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Social networking company Facebook, Inc. develops applications that enable people to connect through mobile devices, personal computers, and other devices. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its revenue comes primarily from advertising. The company was founded by Mark Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park+D9, CA.

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