Meta Platforms saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 92 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.
Meta Platforms is currently forming a cup without handle, with a 740.91 buy point. Look for the stock to break out in volume at least 40% higher than normal.
The stock has a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 37% EPS growth. Top line growth came in at 16%, down from 21% in the prior quarter.
Meta Platforms earns the No. 3 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
