Stock price of fb forecast chart watchers see the stock price of

Chart watchers see the stock price of FB forecast forming a bullish flag pattern on weekly charts, which is typically a continuation signal suggesting potential gains toward $540. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy FB Financial? Access our full analysis report here, it’s free . Meta Platforms ( NASDAQ:META - Get Free Report ) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. Meta Platforms's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.71 earnings per share. As a group, equities analysts forecast that Meta Platforms will post 26.7 EPS for the current year. Wall Street consensus on the stock price of FB forecast estimates a 12-month price target of $545, citing Meta’s strategic investments in the metaverse and monetization improvements. Earnings per share are projected to grow by 18% in FY2024.