Meta's Stock Jumped 10% in January, For the 6th Time Since 2013. Here's How It's Historically Done Afterward.
Meta Platforms (NASDAQ: META) is off to another great start. After rallying 194% in 2023, it's already up another 30% through the early part of 2024, thanks to a strong earnings performance.
Does a strong start for the company normally indicate a good performance for the rest of the year? Here's a look at how shares of Meta Platforms have done in the past, after coming off a strong first month.
Meta Platforms went public in May 2012, when its company name was still Facebook. Since then, it generated a return of 10% or better in January in six of the following 12 years, often as a market-beating stock.
Source Fool.com
Meta Platforms Inc. Stock
€470.45
-0.450%
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 515 € there is a slightly positive potential of 9.47% for Meta Platforms Inc. compared to the current price of 470.45 €.
