Is meta stock going to increase
7/3/2024 00:24am
Based on the available data and analysis, here is the forecast for Meta Platforms (META) stock:
1. **Short-term Forecast**: The short-term price forecast for Meta Platforms is mixed. The stock is currently trading near its 5-day moving average of $509.24 and below its 10-day moving average of $505.17. This suggests a recent downtrend. However, the 50-day moving average is $480.63, which is significantly lower than the current price, indicating a potential upward momentum if the stock price corrects to this level.
|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|META.O|Meta|480.6299|509.2410|505.1717|20240702|META|185|
2. **Analyst Ratings and Price Targets**: According to 42 analysts, the average rating for META stock is "Strong Buy" with a 12-month stock price forecast of $498.75, which is a slight decrease of -1.05% from the latest price. Additionally, based on 41 Wall Street analysts offering 12-month price targets, the average price target is $522.49, with a high forecast of $593.00 and a low forecast of $360.00. This suggests that analysts have a positive outlook on the stock.
3. **Technical Indicators**: The Fear & Greed Index is showing "Fear," indicating that investors may be cautious. However, the stock has recorded 16/30 (53%) green days over the last 30 days, with a price volatility of 6.23%. This suggests that the stock has the potential for short-term fluctuations.
4. **Long-term Forecast**: The long-term forecast for Meta Platforms is positive. Based on the average yearly growth of the stock in the last 10 years, the stock price is predicted to reach $616.28 by the beginning of next year. The forecast for 2025 is $509.46, which represents an 8.86% increase from the current price.
In conclusion, while the short-term forecast is mixed, the long-term forecast is positive. Investors should consider their risk tolerance and investment goals before making a decision. It may be beneficial to monitor the stock closely and consider buying on dips if the long-term outlook is favorable.