Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California
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.
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.
The 41 analysts with 12-month price forecasts for Meta Platforms stock have an average target of 504.02, with a low estimate of 285 and a high estimate of 625. The average target predicts an increase of 3.47% from the current stock price of 487.11.
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%.
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.
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.
According to the latest TipRanks data, approximately 42.70% of Meta Platforms (META) stock is held by retail investors. Who owns the most shares of Meta Platforms (META)? Vanguard owns the most shares of Meta Platforms (META).
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.
While price targets vary from $430 to $600, given the prevailing macroeconomic conditions and specific business risks such as competition and segment slowdowns, anticipating a $1,000 stock price for MSFT may be overly optimistic, particularly in the near term.
META sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 35.6% and 17.8% year-over-year, respectively. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024.
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.
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