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The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
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Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
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NASDAQ:META

Meta Platforms (META) Stock Forecast, Price & News

$297.74
-1.22 (-0.41%)
(As of 09/27/2023 ET)
Compare
Today's Range
$286.79
▼
$301.30
50-Day Range
$283.25
▼
$325.48
52-Week Range
$88.09
▼
$326.20
Volume
36.40 million shs
Average Volume
17.89 million shs
Market Capitalization
$766.13 billion
P/E Ratio
34.70
Dividend Yield
N/A
Price Target
$319.89
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Meta Platforms MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
7.4% Upside
$319.89 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of Meta Platforms in the last 14 days
Based on 60 Articles This Week
Insider Trading
Selling Shares
$12.27 M Sold Last Quarter
Proj. Earnings Growth
26.92%
From $13.26 to $16.83 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Computer And Technology Sector

147th out of 605 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

17th out of 59 stocks

See Top Rated MarketRank™ Stocks Here

META stock logo

About Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. is a US-based multinational technology company and 1 of the Big 5 US tech companies. It is a member of the FAANG group holding the first position with its original name, Facebook.

Meta Platforms, Inc life began in 2004 as a digital “face book” for Harvard students. The company was founded by Mark Zuckerburg and a group of friends but now only Zuckerburg remains. The company quickly grew and expanded into other universities and then opened itself to the public in 2006. As of 2006, anyone over the age of 13 can be a Facebook user which is the company’s primary source of income. As of 2022, the company claimed more than 2.9 billion monthly active Facebook users.

Facebook, Inc filed for its IPO on January 1st 2012. The prospectus stated the company was seeking to raise $5 billion but it got so much more. The day before the IPO execs announced it would sell 25% more stock than it had previously stated because of the high demand. The company wound up raising more than $16 billion making it the 3rd largest IPO in history at the time.

The massive IPO valuation earned Facebook a spot in the S&P 500 in the first year of its public life. Although its valuation has deteriorated in the wake of scandal and consumer trends within social media, early investors were treated to gains in excess of 1000% at the peak of the stock run. Mark Zuckerburg retained 22% ownership in the company following the IPO, and 57% of the voting rights. As of 2022, those holdings were down to about 14% of the company and 54% of the voting rights.

Over the years, Facebook acquired a large number of apps and other businesses that include but are not limited to Instagram and WhatsApp. The company changed its name to Meta Platforms DBA Meta in 2021 to reflect its business and mission better. The new name describes the metaverse and refers to the seamless social interaction provided by Meta’s social media application universe.

Today, Meta develops digital applications that allow people to connect with family, friends, businesses, and merchants through Internet connections. Applications are available for mobile, PC, VR, and smart homes.

The company’s primary operating segment is the Family of Apps. The family of Apps includes Facebook and all the other digital applications. This segment produces virtually all of the revenue which is in turn 97% advertising oriented. The other operating segment is Reality Labs. Reality Labs develops and markets a line of virtual and augmented-reality products.

META Price History

META Stock News Headlines

September 8, 2023 | marketbeat.com
Appeals court scales back order squelching Biden administration contact with social media platforms
A federal appeals court has significantly whittled down a lower court order curbing Biden administration communications with social media companies
September 28, 2023 | markets.businessinsider.com
Meta Platforms: A Promising Buy with AI Innovations and Hardware Advancements – An Analysis by Mark Mahaney
September 28, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
September 28, 2023 | msn.com
Why Meta Platforms Stock Dropped and Then Recovered Today
September 28, 2023 | msn.com
Riding the Cloud Wave: Why Meta Platforms Is a Stock to Watch
September 28, 2023 | americanbankingnews.com
Guggenheim Boosts Meta Platforms (NASDAQ:META) Price Target to $380.00
September 28, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Meta Platforms (META) and Oracle (ORCL)
September 27, 2023 | msn.com
Meta unveils AI assistant, Facebook-streaming glasses
September 28, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
September 27, 2023 | msn.com
Meta Unveils New Virtual Reality Headset in Push for New Traction on Metaverse
September 27, 2023 | msn.com
Meta Platforms (NASDAQ:META) Slips Fractionallly on New Product Rollouts
September 27, 2023 | finance.yahoo.com
Meta Unveils New Mixed Reality Headset in Push for Traction on Metaverse
September 27, 2023 | finance.yahoo.com
Facebook Needs to Continue Covering Meta’s Expensive Quest
September 27, 2023 | finance.yahoo.com
Meta's New Mixed-Reality Metaverse Push Finds Uneasy Reception From Investors
September 27, 2023 | yahoo.com
Meta debuts AI Studio to let developers build custom chatbots
September 27, 2023 | msn.com
Meta Platforms shows off new Quest 3 headset as the face race heats up
September 27, 2023 | finance.yahoo.com
Meta Unveils New Virtual Reality Headset in Push for Traction on Metaverse
September 27, 2023 | finance.yahoo.com
Meta's Stock Wavers As Company Announces New VR Headset, AI Chatbots
September 27, 2023 | finance.yahoo.com
UPDATE 5-Meta unveils Facebook-stream Ray-Bans, AI assistant
September 27, 2023 | finance.yahoo.com
Meta Brings Chatbots, Image Editing to Social Media Apps
September 27, 2023 | finance.yahoo.com
Meta Rolls Out Higher-Priced Quest 3 Headset, Just Ahead of Apple’s Vision Pro
September 27, 2023 | finance.yahoo.com
Mark Zuckerberg still hasn't given up on the Metaverse
September 27, 2023 | finance.yahoo.com
Amazon and These 2 Other Tech Giants Need to Start Paying Dividends
September 27, 2023 | benzinga.com
Cloudflare Collaborates With Meta, Microsoft And Nvidia: What's Going On?
September 27, 2023 | finance.yahoo.com
Meta CEO Mark Zuckerberg to kick off developer conference with focus on AI, virtual reality
September 26, 2023 | wsj.com
Meta Plans to Launch AI Chatbots With Personalities
September 26, 2023 | finance.yahoo.com
Tesla Stock, Meta Platforms Forge Buy Points As Mutual Funds Load Up
See More Headlines
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META Company Calendar

Last Earnings
7/26/2023
Today
9/28/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Computer programming, data processing, & other computer related
Sub-Industry
Internet Software & Services
Sector
Computer and Technology
Current Symbol
NASDAQ:META
Previous Symbol
NASDAQ:FB
CUSIP
30303M10
CIK
1326801
Web
www.facebook.com
Phone
(650) 543-4800
Fax
N/A
Employees
86,482
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$319.89
High Stock Price Forecast
$435.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
52 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.58
Trailing P/E Ratio
34.70
Forward P/E Ratio
22.45
P/E Growth
0.98
Net Income
$23.20 billion
Net Margins
18.70%
Pretax Margin
23.50%
Return on Equity
21.72%
Return on Assets
14.61%

Debt

Debt-to-Equity Ratio
0.14
Current Ratio
2.32
Quick Ratio
2.32

Sales & Book Value

Annual Sales
$116.61 billion
Price / Sales
6.57
Cash Flow
$13.45 per share
Price / Cash Flow
22.14
Book Value
$48.49 per share
Price / Book
6.14

Miscellaneous

Outstanding Shares
2,573,160,000
Free Float
2,212,147,000
Market Cap
$766.13 billion
Optionable
Optionable
Beta
1.23

Social Links

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Key Executives

  • Mr. Mark Elliot ZuckerbergMr. Mark Elliot Zuckerberg (Age 39)
    Founder, Chairman & CEO
    Comp: $27.11M
  • Ms. Susan J. S. LiMs. Susan J. S. Li (Age 37)
    Chief Financial Officer
    Comp: $4.94M
  • Mr. Javier OlivanMr. Javier Olivan (Age 46)
    Chief Operating Officer
    Comp: $4.14M
  • Mr. Andrew BosworthMr. Andrew Bosworth (Age 41)
    Chief Technology Officer
    Comp: $1.98M
  • Mr. Christopher K. CoxMr. Christopher K. Cox (Age 40)
    Chief Product Officer
    Comp: $4.08M
  • Mr. David M. WehnerMr. David M. Wehner (Age 54)
    Chief Strategy Officer
    Comp: $1.8M
  • Mr. Aaron A. Anderson
    Chief Accounting Officer
  • Mr. Atish Banerjea (Age 57)
    Chief Information Officer
  • Ms. Deborah T. Crawford
    VP of Investor Relations
  • Ms. Jennifer G. NewsteadMs. Jennifer G. Newstead (Age 53)
    Chief Legal Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













META Stock - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

52 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" META shares.
View META analyst ratings or view top-rated stocks.

What is Meta Platforms' stock price forecast for 2023?

52 brokerages have issued 1-year price targets 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 $319.89 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for META or view top-rated stocks among Wall Street analysts.

How have META shares performed in 2023?

Meta Platforms' stock was trading at $120.34 on January 1st, 2023. Since then, META shares have increased by 147.4% and is now trading at $297.74.
View the best growth stocks for 2023 here.

When is Meta Platforms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our META earnings forecast.

How were Meta Platforms' earnings last quarter?

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

What ETFs hold Meta Platforms' stock?

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 ETF (SOCL), Davis Select U.S. Equity ETF (DUSA) and Roundhill Big Tech ETF (BIGT).

What guidance has Meta Platforms issued on next quarter's earnings?

Meta Platforms updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided 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.

What is Meta Platforms' stock symbol?

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

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by many different retail and institutional investors. Top institutional investors 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.
View institutional ownership trends.

How do I buy shares of Meta Platforms?

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.
Compare Top Brokerages Here.

What is Meta Platforms' stock price today?

One share of META stock can currently be purchased for approximately $297.74.

How much money does Meta Platforms make?

Meta Platforms (NASDAQ:META) has a market capitalization of $766.13 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.

How many employees does Meta Platforms have?

The company employs 86,482 workers across the globe.

Does Meta Platforms have any subsidiaries?
The following companies are subsidiares of Meta Platforms: Acrylic Software, Andale, Andale Inc., Atlas Solutions Advertiser Suite, Beat Games, Beluga, Biblbobl, Bloomsbury AI, Bolt | Peters, Branch, CTRL-labs, Cassin Networks ApS, Chai Labs, Confirm.io, CrowdTangle, Daytum, Digital Staircase, Divvyshot, Dreambit, Edge Network Services, Edge Network Services Limited, Endaga, Eyegroove, FCL Tech, FCL Tech Limited, Face.com, Facebook International Operations, Facebook International Operations Limited, Facebook Ireland Holdings Unlimited, Facebook Ireland Limited, Facebook Ireland Limited, Facebook Operations, Facebook Operations LLC, Facebook Sweden Holdings, Facebook Sweden Holdings AB, Facebook Technologies LLC, FacioMetrics, Fayteq AG, Friend.ly, FriendFeed, GIPHY, GazeHawk, Glancee, Global Holdings I Inc, Global Holdings I Inc., Global Holdings I LLC, Global Holdings I LLC, Global Holdings II LLC, Global Holdings II LLC, Gowalla, Greater Kudu, Greater Kudu LLC, GrokStyle, Hot Potato, Instagram, Instagram LLC, Jibbigo, KUSU PTE, KUSU PTE. Ltd., Karma, Kustomer, Lemnis Technologies, Lightbox, Little Eye Labs, LiveRail, Malkoha PTE Ltd., Mapillary, Monoidics, Morning Hornet LLC, Nextstop, Octazen Solutions, Oculus, Onavo, Osmeta, Ozlo, Packagd, Parakey, Parse, Parse LLC, Pieceable, Pinnacle Sweden, Pinnacle Sweden AB, PlayGiga, PrivateCore, ProtoGeo, Pryte, Pursuit, Push Pop Press, QuickFire Networks, Raven Northbrook LLC, RedKix, Runways Information Services, Runways Information Services Ltd, Sanzaru Games Inc, Scape Technologies, Scout Development LLC, Sendoid, Servicefriend, ShareGrove, Siculus, Siculus Inc., Sidecat LLC, Snaptu, Sofa, Source3, Spaceport.io, Spool, SportStream, Stadion LLC, Starbelt LLC, Storylane, Strobe, TBH, Tagtile, Teehan+Lax, TheFind Inc., Two Big Ears Ltd, Vidpresso, Vitesse, Vitesse LLC, WhatsApp, WhoGlue, Winner, Winner LLC, Wit.ai, Zenbe, and drop.io.
Read More
How can I contact Meta Platforms?

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.

This page (NASDAQ:META) was last updated on 9/28/2023 by MarketBeat.com Staff

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