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S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
Seven millionaires secretly enable market shock? (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
The gold catalyst we've waited for (Ad)
Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
A small venture capital player becomes a symbol in the fight over corporate diversity policies
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
Seven millionaires secretly enable market shock? (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
The gold catalyst we've waited for (Ad)
Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
A small venture capital player becomes a symbol in the fight over corporate diversity policies
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
Seven millionaires secretly enable market shock? (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
The gold catalyst we've waited for (Ad)
Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
A small venture capital player becomes a symbol in the fight over corporate diversity policies

Meta Platforms (META) Stock Forecast, Price & News

$299.67
-5.40 (-1.77%)
(As of 09/20/2023 ET)
Compare
Today's Range
$299.43
$308.06
50-Day Range
$283.25
$325.48
52-Week Range
$88.09
$326.20
Volume
18.76 million shs
Average Volume
26.19 million shs
Market Capitalization
$771.10 billion
P/E Ratio
34.93
Dividend Yield
N/A
Price Target
$319.79

Meta Platforms MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
6.7% Upside
$319.79 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Meta Platforms in the last 14 days
Based on 39 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.

2.56 out of 5 stars

Computer And Technology Sector

163rd out of 588 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

14th out of 59 stocks


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

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
Thailand threatening to shut down Facebook, alleging it doesn't screen ads well enough
A Thai Cabinet minister is threatening to try to shut down Facebook in the country, saying the social media platform does not do enough to screen the advertisements it runs, leaving people vulnerable to costly scams
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Prime Minister Justin Trudeau slams Facebook for blocking Canada wildfire news
Canadian Prime Minister Justin Trudeau is accusing Facebook of putting profits over people’s safety during Canada’s wildfire emergencies
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Why Meta Stock Retreated Today
See More Headlines
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META Company Calendar

Last Earnings
7/26/2023
Today
9/20/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:META
CUSIP
30303M10
Fax
N/A
Employees
86,482
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$319.79
High Stock Price Forecast
$435.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
52 Analysts

Profitability

Net Income
$23.20 billion
Pretax Margin
23.50%

Debt

Sales & Book Value

Annual Sales
$116.61 billion
Cash Flow
$13.46 per share
Book Value
$48.49 per share

Miscellaneous

Outstanding Shares
2,573,160,000
Free Float
2,212,147,000
Market Cap
$771.10 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













META Stock - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

52 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last twelve months. 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 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 brokers have issued twelve-month price targets for Meta Platforms' shares. Their META share price forecasts range from $80.00 to $435.00. On average, they predict the company's share price to reach $319.79 in the next year. This suggests a possible upside of 6.7% 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 149.0% and is now trading at $299.67.
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 data on Wednesday, July, 26th. The social networking company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $0.36. The social networking company earned $32 billion during the quarter, compared to the consensus estimate 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 guidance has Meta Platforms issued on next quarter's earnings?

Meta Platforms issued an update on 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.

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 a variety of retail and institutional 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.
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 $299.67.

How much money does Meta Platforms make?

Meta Platforms (NASDAQ:META) has a market capitalization of $771.10 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 9/21/2023 by MarketBeat.com Staff

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