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Meta Platforms, Inc. (META) is currently ranked #3 (Hold) by Zacks, with a VGM Score of A. As of March 31, 2024, the platform boasts 3.24 billion daily users across its family of products, including Facebook, Instagram, and WhatsApp. META’s forecast includes a year-over-year earnings growth of 37.9% for the current fiscal year, with earnings estimates revised higher by seven analysts in the past 60 days, rising to $20.50 per share.
The Zacks Rank model indicates a strong historical performance, with #1 (Strong Buy) stocks yielding an average annual return of +25.41% since 1988, significantly outpacing the S&P 500. Currently, there are over 800 stocks rated #1 or #2, making it vital for investors to utilize the complementary Zacks Style Scores to optimize their stock selection strategies.
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