Meta stock futures are flat at $488

Meta stock futures are flat at $488.40, with traders awaiting more clarity from the upcoming investor call on long-term ad market exposure. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Meta Platforms is rated Zacks Rank #2 (Buy). The chip stock was slightly higher in premarket trading, up 0.1%. Meta stock futures hold firm at $492.80 as analysts forecast margin expansion in cloud infrastructure services supporting app ecosystems.