Meta Platforms Inc (META)

[DiscoverGold]

Meta Platforms (META) Shares Surge on Big Demand
By: Lucas Downey | May 23, 2023

• Meta Platforms (META) shares are surging in 2023 with YTD gains of 106%. One theme tells the story: Big demand for the shares.

Meta Attracts Big Money

So, what’s Big Money? Said simply, that’s when a stock presses higher alongside chunky volumes. It’s indicative of institutions betting on the shares.

Using proprietary algorithms, our data indicates a healthy bid for the stock.

This sets up well for the stock going forward. Paying attention to how the shares trade, suggests there could be more upside.

The last few months have seen constant accumulation signals. Each green bar signals big buying volumes as the stock ramped in price:


Source: www.mapsignals.com

In 2023 the stock has been on a tear. Recent green bars could mean more upside is ahead.

Now, let’s check out the technical action grabbing my attention:

• Year-to-date outperformance vs. Communication Services Select Sector SPDR Fund ETF (+76% vs. XLC)
Outperformance is important for leading stocks.

Meta Platforms Fundamental Analysis

Now, let’s dive into fundamentals. META a has strong 3-year sales growth rate, and the future earnings outlook is solid too. Take a look:

• 3-year sales growth rate (+19.2%)
• 1-year EPS growth estimate (+23.8%)

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, META has been a top-rated stock at MAPsignals for years. That means the stock exudes buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this every week.

It’s made the rare Top 20 report numerous times since 2015. The blue bars below show when META was a top pick:


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of the MAPsignals process.

Meta Platforms Price Prediction

The META rally has been in place for years. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Read Full Story »»»

DiscoverGold