Meta Platforms (NASDAQ:META) Price Target Raised to $740.00 at Roth Capital

Meta Platforms (NASDAQ:META - Get Free Report) had its price target hoisted by Roth Capital from $620.00 to $740.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the social networking company's stock. Roth Capital's price target would suggest a potential upside of 1.00% from the stock's current price. Roth Capital also issued estimates for Meta Platforms' Q2 2025 earnings at $6.36 EPS, Q3 2025 earnings at $6.10 EPS, Q4 2025 earnings at $7.42 EPS, FY2025 earnings at $26.30 EPS, Q1 2026 earnings at $6.32 EPS, Q2 2026 earnings at $6.69 EPS and FY2026 earnings at $28.92 EPS.

Several other brokerages have also recently weighed in on META. Guggenheim increased their price target on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Barclays dropped their target price on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. DA Davidson lowered their price target on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Moffett Nathanson lifted their price target on shares of Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Susquehanna lowered their price target on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $727.95.

Meta Platforms Stock Performance

Shares of META stock traded up $12.03 during trading on Tuesday, reaching $732.70. 9,742,884 shares of the company's stock traded hands, compared to its average volume of 14,483,417. The company has a market capitalization of $1.84 trillion, a P/E ratio of 28.58, a PEG ratio of 1.76 and a beta of 1.28. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm's 50-day moving average is $665.58 and its 200 day moving average is $631.83. Meta Platforms has a 1 year low of $442.65 and a 1 year high of $747.90.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.71 EPS. Equities research analysts expect that Meta Platforms will post 26.7 EPS for the current year.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 6,874 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the sale, the chief financial officer owned 70,040 shares of the company's stock, valued at $46,181,574.40. This trade represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 13,793 shares of Meta Platforms stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $701.13, for a total transaction of $9,670,686.09. Following the completion of the sale, the chief executive officer directly owned 118,279 shares in the company, valued at $82,928,955.27. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,756 shares of company stock valued at $104,720,878 in the last three months. 13.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Meta Platforms

Institutional investors have recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter valued at $33,000. Millstone Evans Group LLC purchased a new position in Meta Platforms in the 4th quarter valued at $40,000. Finally, WealthTrak Capital Management LLC purchased a new position in Meta Platforms in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 79.91% of the company's stock.

About Meta Platforms

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.