Meta Platforms (META) has an average brokerage recommendation (ABR) of 1.33, indicating a consensus between Strong Buy and Buy, based on 46 recommendations from brokerage firms. Specifically, 40 of these recommendations are Strong Buy, accounting for 87% of the total.
Despite the favorable ratings, research suggests that brokerage recommendations often do not reliably indicate potential for price appreciation due to the analysts’ vested interests. In contrast, the Zacks Rank, which is based on earnings estimate revisions and holds a current rank of #2 (Buy) for Meta, is positioned as a more reliable tool for making investment decisions.
Recent increases in earnings estimates for Meta have contributed to its positive outlook, with a current consensus estimate of $21.36 for the year, reflecting a 0.3% increase over the past month.
