Meta Platforms (META) has been upgraded to a Zacks Rank #1 (Strong Buy) as of October 2023, reflecting a positive trend in its earnings estimates. Analysts project the company will earn $25.84 per share for the fiscal year ending December 2025, unchanged from the previous year. Over the past three months, the Zacks Consensus Estimate for Meta’s earnings has increased by 2.6%.
The Zacks Rank system indicates that Meta is among the top 5% of stocks covered by Zacks, suggesting a potential for upward movement in stock price due to favorable earnings outlooks. Historically, Zacks Rank #1 stocks have delivered an average annual return of +25% since 1988, underscoring the significance of the current upgrade.
