Meta Platforms (META) Stock Forecast, Price & News

52 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 2 sell ratings, 5 hold ratings, 44 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" META shares.
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52 brokerages have issued 1 year price objectives for Meta Platforms' stock. Their META share price forecasts range from $80.00 to $435.00. On average, they expect the company's share price to reach $319.79 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
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Meta Platforms' stock was trading at $120.34 on January 1st, 2023. Since then, META stock has increased by 148.5% and is now trading at $299.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our META earnings forecast.

Meta Platforms, Inc. (NASDAQ:META) released its earnings results on Wednesday, July, 26th. The social networking company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.36. The social networking company earned $32 billion during the quarter, compared to analyst estimates of $30.91 billion. Meta Platforms had a trailing twelve-month return on equity of 21.72% and a net margin of 18.70%.

ETFs with the largest weight of Meta Platforms (NASDAQ:META) stock in their portfolio include Communication Services Select Sector SPDR Fund (XLC), Fidelity MSCI Communication Services Index ETF (FCOM), Vanguard Communication Services ETF (VOX), iShares Global Comm Services ETF (IXP), ProShares Ultra Communication Services (LTL), Global X Social Media Index ETF (SOCL), Davis Select U.S. Equity ETF (DUSA) and Roundhill Big Tech ETF (BIGT).

Meta Platforms updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $32.00 billion-$34.50 billion, compared to the consensus revenue estimate of $28.29 billion.

Meta Platforms trades on the NASDAQ under the ticker symbol "META."

Meta Platforms' stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (30.35%), BlackRock Inc. (6.05%), State Street Corp (3.44%), Geode Capital Management LLC (1.71%), Capital World Investors (1.44%) and Capital International Investors (1.39%). Insiders that own company stock include Andrew Bosworth, David B Fischer, David B Fischer, David B Fischer, David M Wehner, David M Wehner, David M Wehner, Javier Olivan, Jennifer Newstead, Mark Zuckerberg, Mark Zuckerberg, Marne L Levine, Nicholas Clegg, Susan J Li and Susan JS Taylor.
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Shares of META stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of META stock can currently be purchased for approximately $299.08.

Meta Platforms (NASDAQ:META) has a market capitalization of $769.58 billion and generates $116.61 billion in revenue each year. The social networking company earns $23.20 billion in net income (profit) each year or $8.58 on an earnings per share basis.

The company employs 86,482 workers across the globe.

Meta Platforms' mailing address is 1601 WILLOW ROAD, MENLO PARK CA, 94025. The official website for the company is www.facebook.com. The social networking company can be reached via phone at (650) 543-4800 or via email at investor@fb.com.