For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Different than value or growth investors, momentum-oriented investors live by the saying “the trend is your friend.” This investing style is all about taking advantage of upward or downward trends in a stock’s price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.24 billion people on a daily basis as of Mar 31, 2024.

META is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are down 1.9% over the past one week and up 6% over the past four weeks. META has gained 71.3% in the last one-year period as well. Looking at trading volume, an average of 12,517,119 shares exchanged hands over the last 20 trading days.

A company’s earnings performance is important for momentum investors as well. For fiscal 2024, 19 analysts revised their earnings estimate higher in the last 60 days for META, while the Zacks Consensus Estimate has increased $1.24 to $22.68 per share. META also boasts 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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