Meta Platforms (META) is a Top-Ranked Momentum Stock: Should You Buy?

Core Insights - The article emphasizes the importance of Zacks Rank and Style Scores in identifying stocks with high potential for outperformance in the market [2][12][14]. Group 1: Zacks Rank and Style Scores - Each stock is rated from A to F based on value, growth, and momentum, with A indicating the highest potential for outperformance [2]. - The Zacks Rank utilizes earnings estimate revisions to simplify the process of building a successful investment portfolio [12]. - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and the combined VGM Score, which helps investors identify stocks with the best chances of beating the market [8][21]. Group 2: Meta Platforms (META) - Meta Platforms is recognized as the world's largest social media platform, with a user base of approximately 3.24 billion daily users across its various applications as of March 31, 2024 [11]. - META has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [19][24]. - In the last 60 days, 19 analysts have revised their earnings estimates upwards for fiscal 2024, increasing the Zacks Consensus Estimate by $1.24 to $22.68 per share, with an average earnings surprise of 11.3% [7]. Group 3: Investment Strategy - To maximize returns, investors are encouraged to focus on stocks with Zacks Rank 1 or 2 and Style Scores of A or B, as these stocks have the highest probability of success [10]. - Stocks with a 3 (Hold) rank should also have Style Scores of A or B to ensure potential upside [10][27].