Robert Bender&Associates, managed by Robert L. Bender, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 2,718 shares.
Spark’s Take on META Stock
According to Spark, TipRanks’ AI Analyst, META is a Outperform.
Meta Platforms is in a robust financial position with strong revenue growth, profitability, and strategic initiatives in AI and other areas. The stock’s fair valuation and positive earnings call sentiment support a high score. However, technical analysis indicators suggest caution with potential downward momentum. The recent addition of independent directors to the board is a positive corporate development that enhances governance.
To see Spark’s full report on META stock, click here.
More about Meta Platforms, Inc.
YTD Price Performance: -14.28%
Average Trading Volume: 18,480,804
Current Market Cap: $1270.6B