Meta Platforms (META) Stock Forecast, Price & News

50 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 3 sell ratings, 6 hold ratings, 40 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" META shares.
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50 analysts have issued twelve-month price targets for Meta Platforms' shares. Their META share price forecasts range from $80.00 to $350.00. On average, they anticipate the company's share price to reach $245.13 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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Meta Platforms' stock was trading at $120.34 at the start of the year. Since then, META shares have increased by 117.7% and is now trading at $262.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Meta Platforms, Inc. (NASDAQ:META) issued its quarterly earnings results on Wednesday, February, 1st. The social networking company reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.88. The social networking company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $31.69 billion. Meta Platforms had a net margin of 18.27% and a trailing twelve-month return on equity of 20.67%. The business's revenue was down 4.5% on a year-over-year basis. During the same period last year, the company posted $3.67 EPS.

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), ProShares Ultra Communication Services (LTL), Global X Social Media Index ETF (SOCL), iShares Global Comm Services ETF (IXP), Davis Select U.S. Equity ETF (DUSA) and Global X Metaverse ETF (VR).

Meta Platforms issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $29.50 billion-$32.00 billion, compared to the consensus revenue estimate of $29.53 billion.

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

Meta Platforms' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.97%), FMR LLC (4.76%), State Street Corp (3.39%), Geode Capital Management LLC (1.71%), Price T Rowe Associates Inc. MD (1.63%) and Wellington Management Group LLP (0.91%). 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, Michael Todd Schroepfer, 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 $262.04.

Meta Platforms (NASDAQ:META) has a market capitalization of $671.54 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 $8.06 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.