Meta Stock Regains Outlier Status

META is the world’s largest social media platform. Its products, including social media, media sharing, messaging, and more, are used by more than three billion people every day. It also initiated a quarterly dividend for shareholders this year.

Meta’s upcoming earnings are expected to show quarterly per-share earnings of $5.15, which would be a 17.3% jump from the prior year. The consensus quarterly revenue estimate is $40.1 billion, reflecting a 17.4% increase from last year. For the year, analysts expect EPS of $21.36 and revenue of $161.6 billion, increases of 43.6% and 19.8%, respectively, from 2023.

It’s no wonder META shares are up 60% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Meta

Institutional volumes reveal plenty. In the last year, META has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in META shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Meta.

Meta Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, META has strong sales and earnings growth:

• 3-year sales growth rate (+17.3%)
• 3-year sales earnings rate (+24.8%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +13.8%.

Now it makes sense why the stock has been powering to new heights. META has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Meta has been a top-rated stock at MAPsignals for a long time. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times since it began trading in 2012. The blue bars below show when META was a top pick…rising with time:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Meta Price Prediction

The META rally isn’t new at all. 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.

Disclosure: the author holds positions in META in personal and managed accounts at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.