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NASDAQ:META

Meta Platforms (META) Stock Forecast, Price & News

$272.61

0.00 (0.00%)

(As of 06/2/2023 ET)

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Today's Range: $271.12
▼
$275.35
50-Day Range: $200.68
▼
$272.61
52-Week Range: $88.09
▼
$275.35

Volume: 19.42 million shs
Average Volume: 20.35 million shs
Market Capitalization: $698.63 billion

P/E Ratio: 33.82
Dividend Yield: N/A
Price Target: $245.13

Meta Platforms MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 10.1% Downside
$245.13 Price Target
Short Interest: Healthy
1.25% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.05
Based on 45 Articles This Week
Insider Trading: Selling Shares
$8.87 M Sold Last Quarter
Proj. Earnings Growth: 22.92%
From $12.04 to $14.80 Per Share

Overall MarketRank^™

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

2.52 out of 5 stars

Computer And Technology Sector

118th out of 609 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

8th out of 60 stocks

2.4

Analyst's Opinion

Consensus Rating
Meta Platforms has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 40 buy ratings, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $245.13, Meta Platforms has a forecasted downside of 10.1% from its current price of $272.61.
Amount of Analyst Coverage
Meta Platforms has been the subject of 36 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.25% of the float of Meta Platforms has been sold short.
Short Interest Ratio / Days to Cover
Meta Platforms has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Meta Platforms has recently increased by 1.25%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Meta Platforms does not currently pay a dividend.
Dividend Growth
Meta Platforms does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for META.

1.6

News and Social Media Coverage

News Sentiment
Meta Platforms has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 45 news articles for Meta Platforms this week, compared to 26 articles on an average week.
Search Interest
Only 350 people have searched for META on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
530 people have added Meta Platforms to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Meta Platforms insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,873,598.00 in company stock.
Percentage Held by Insiders
13.75% of the stock of Meta Platforms is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.92% of the stock of Meta Platforms is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Meta Platforms are expected to grow by 22.92% in the coming year, from $12.04 to $14.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meta Platforms is 33.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meta Platforms is 33.82, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 373.46.
Price to Earnings Growth Ratio
Meta Platforms has a PEG Ratio of 1.03. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Meta Platforms has a P/B Ratio of 5.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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META Stock News Headlines

June 2, 2023 | marketbeat.com

YouTube changes policy to allow false claims about past US presidential elections

YouTube says it will stop removing content that falsely claims the 2020 election and other past U.S. presidential elections were marred by widespread fraud, errors or glitches

June 2, 2023 | marketbeat.com

Meta tests blocking news content on Instagram, Facebook for some Canadians

Meta is preparing to block news for some Canadians on Facebook and Instagram in a temporary test that is expected to last through the end of June

June 3, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

May 22, 2023 | marketbeat.com

Facebook parent Meta hit with record fine for transferring European user data to US

The European Union has slapped Meta with a record $1.3 billion privacy fine and ordered it to stop transferring user data across the Atlantic

May 22, 2023 | marketbeat.com

European Union hits Facebook parent Meta with record $1.3 billion fine over transfers of user data to US

May 15, 2023 | marketbeat.com

Does Meta Platforms Stock Have More Upside?

Social media platforms operator Meta Platforms Inc. (NASDAQ: META) stock is up 22% year-to-date (YTD) and has a one-year performance up 87%.

May 11, 2023 | marketbeat.com

Hot employment market shows signs of cooling

The hot jobs market has been defying a weakening economy and confounding the Federal Reserve for months, but now shows signs of cooling

May 10, 2023 | marketbeat.com

Delaware judge refuses to dismiss Facebook shareholder suit over user data privacy breaches

A Delaware judge has refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data

June 3, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

May 8, 2023 | marketbeat.com

Facebook has 3 billion users. Many of them are old.

Facebook says it is not dead

May 3, 2023 | marketbeat.com

FTC: Facebook misled parents, failed to guard kids' privacy

U.S. regulators say Facebook misled parents and failed to protect the privacy of children using its Messenger Kids app

May 3, 2023 | marketbeat.com

US regulators say Facebook misled parents, failed to protect privacy of children using its Messenger Kids app