Meta Platforms Inc (META) Stock Price & News - Google Finance (2024)

FAQs

Is Meta Platforms a good stock to buy? ›

Meta Platforms has 12.85% upside potential, based on the analysts' average price target. Is META a Buy, Sell or Hold? Meta Platforms has a consensus rating of Strong Buy which is based on 39 buy ratings, 3 hold ratings and 2 sell ratings.

Meta Platforms Inc's market capitalization is 1.2T USD. META stock price is 489.79 USD. The Intrinsic Value of META stock (362.93 USD) is 26% less than its price (489.79 USD).

As of 2024-07-16, the Fair Value of Meta Platforms Inc (META) is 374.51 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 496.16 USD, the upside of Meta Platforms Inc is -24.5%.

According to our Meta stock prediction for 2025, META stock will be priced at $ 624.26 in 2025. This forecast is based on the stock's average growth over the past 10 years.

Meta Stock: Wall Street Projections For 2024

Analysts remain bullish on Meta. Of the 67 analysts following the stock, 84% rate Meta a buy, according to FactSet. For the full year, analysts project that Meta's revenue will rise 17.8% to $158.97 billion in 2024, after climbing 15.7% last year, according to FactSet.

The all-time high Meta Platforms stock closing price was 539.91 on July 05, 2024. The Meta Platforms 52-week high stock price is 542.81, which is 14.1% above the current share price. The Meta Platforms 52-week low stock price is 274.38, which is 42.3% below the current share price.

Meta Platforms gross profit for the twelve months ending March 31, 2024 was $116.221B, a 26.34% increase year-over-year. Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022. Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021.

As of July 2024 Meta Platforms (Facebook) has a market cap of $1.209 Trillion. This makes Meta Platforms (Facebook) the world's 7th most valuable company by market cap according to our data.

The ownership structure of Meta Platforms (META) stock is a mix of institutional, retail and individual investors. Approximately 48.07% of the company's stock is owned by Institutional Investors, 9.23% is owned by Insiders and 42.70% is owned by Public Companies and Individual Investors.

According to the latest long-term forecast, Facebook price will hit $600 by the end of 2024 and then $700 by the end of 2025. Facebook will rise to $1000 within the year of 2026, $1200 in 2027, $1400 in 2028, $1700 in 2029, $1800 in 2030 and $2000 in 2032.

How much stock does META give employees? ›

Meta's vesting schedule is split evenly over 4 years. This means you get 25% of your equity each year. Your RSUs vest 4 times a year. As the stock shares vest, you are taxed at ordinary income tax rates based on the total value of the vesting shares of stock.

META finds support from accumulated volume at $461.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock has average movements during the day and with good trading volume, the risk is considered to be medium.

If its forward multiple remains roughly the same, in early 2030, its stock could be trading at about $1,120, giving it a market cap of nearly $2.8 trillion. That would match Apple's current valuation.

META stock forecast 2040: META's stock is expected to hit $10,560.59 by 2040 with a 20% annual return over the next 17 years.

Key Takeaways. Meta shares jumped after the tech giant delivered a better-than-expected quarterly earnings report and announced a dividend payment and increased authorization for share buybacks. The company reiterated its focus on investing in AI infrastructure and growing its metaverse business.

Potentially Overvalued

In addition, its GAAP price-to-earnings ratio is 29.36x, which is 11.37% higher than its five-year average of 26.36x. I think some caution is warranted because of the valuation at the moment. If the price were cheaper, Meta would look like an excellent long-term investment to me.

Top Budget 2024 stocks to watch: L&T, HAL, IRCON, Adani Green, Tata Power, HUDCO, ITC, PNC Infratech - BusinessToday.