For new and old investors, the common goal is to take full advantage of the stock market and invest with confidence.

Many investors also have a proven methodology that helps them make buying and selling decisions. One way to find winning stocks based on your preferred investing method is to use Zacks Style Scores. These are indicators that evaluate stocks based on three widely used investment types: value, growth and momentum.

Unlike value or growth investors, momentum-oriented investors live by the saying “the trend is your friend.” This investing style involves profiting from upward or downward trends in a stock’s price or earnings prospects. Taking into account factors such as a one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate opportune times to build a position in stocks with high momentum.

Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps such as photo and video sharing app Instagram and WhatsApp messaging app due to acquisitions. Together with the specially developed messenger, these apps now form the Meta product family, which (as of March 31, 2024) is used by almost 3.24 billion people every day.

META is a Zacks Rank #3 (Hold) stock with a Momentum Style Score of A and a VGM Score of A. Shares have fallen 1.9% over the past week and are up 6% over the past four weeks. META has also gained 71.3% in the last annual period. Looking at trading volume, an average of 12,517,119 shares were traded in the last 20 trading days.

A company’s earnings performance is also important for momentum investors. For fiscal 2024, 19 analysts have upgraded their earnings estimates for META in the past 60 days, while the Zacks Consensus Estimate has increased $1.24 to $22.68 per share. META also has an average earnings surprise of 11.3%.

Investors should take the time to consider META for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Meta Platforms, Inc. (META): Free Stock Analysis Report

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