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3 Compelling Reasons to Start Buying Undervalued Amazon
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The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
Followed 677 TimesTop FollowedTop-Rated StocksTop-RatedMost-Upgraded StocksMost-Upgraded
NASDAQ:META

Meta Platforms (META) Stock Forecast, Price & News

$295.73
-3.94 (-1.31%)
(As of 09/21/2023 ET)
Compare
Today's Range
$293.28
▼
$300.26
50-Day Range
$283.25
▼
$325.48
52-Week Range
$88.09
▼
$326.20
Volume
21.30 million shs
Average Volume
17.49 million shs
Market Capitalization
$760.96 billion
P/E Ratio
34.47
Dividend Yield
N/A
Price Target
$319.79
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Meta Platforms MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
8.1% Upside
$319.79 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Meta Platforms in the last 14 days
Based on 38 Articles This Week
Insider Trading
Selling Shares
$12.48 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

176th out of 592 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

14th 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
August 22, 2023 | marketbeat.com
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
September 22, 2023 | Wall Street Fundamentals (Ad)
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
September 22, 2023 | msn.com
In case you missed Facebook's incredibly subtle logo change, Meta has a 1,600-word explanation for you
September 21, 2023 | msn.com
In case you missed Facebook's incredibly subtle logo change, Meta has a 1,600 word explanation for you
September 21, 2023 | benzinga.com
After Lackluster IPOs, Can Arm, Instacart, And Klaviyo Take A Page From Facebook's 2012 Playbook?
September 21, 2023 | finance.yahoo.com
Big Tech Is Getting Tired After Massive 2023 Rally
September 21, 2023 | finance.yahoo.com
Zacks Earnings Trends Highlights: Meta Platforms, Alphabet and Nvidia
September 22, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
September 21, 2023 | finance.yahoo.com
1 Top Metaverse Stock Ready for a Bull Run
September 20, 2023 | finance.yahoo.com
Meta opens verification program on Facebook, Instagram to businesses
September 20, 2023 | bizjournals.com
Meta Platforms opens verification program on Facebook, Instagram to businesses
September 20, 2023 | msn.com
Meta Verified for business will cost $965 less per month than X's business verification
September 20, 2023 | yahoo.com
Meta targeted for fresh UK gov't warning against E2E encryption for Messenger, Instagram
September 20, 2023 | benzinga.com
WhatsApp's Payment Revolution: Meta Looks to Capitalize on India's In-App Payment Surge
September 20, 2023 | msn.com
UK to work 'constructively' with Meta over encryption and online safety
September 20, 2023 | finance.yahoo.com
Meta’s WhatsApp Makes Payment Move in India. How Messaging Could Drive Profit.
September 20, 2023 | msn.com
Meta is expanding its paid verification badge to business accounts
September 20, 2023 | techcrunch.com
Meta is expanding its verification program to businesses
September 20, 2023 | finance.yahoo.com
Britain wants to work constructively with Meta over encryption -Braverman
September 19, 2023 | msn.com
UK Urges Meta To Prioritize Child Safety Over Encryption On Instagram And Facebook Messenger
September 19, 2023 | finance.yahoo.com
UPDATE 2-UK's Online Safety Bill finally passed by parliament
September 19, 2023 | finance.yahoo.com
Is There An Opportunity With Meta Platforms, Inc.'s (NASDAQ:META) 39% Undervaluation?
September 18, 2023 | bloomberg.com
Vuelven happy hours y camisetas a Meta para mejorar el ánimo
September 18, 2023 | finance.yahoo.com
Happy Hours, Corporate Swag and Haircuts: Meta Morale Gets a Boost After Layoffs
September 18, 2023 | finance.yahoo.com
The Zacks Analyst Blog Highlights Meta Platforms, Walmart, Johnson & Johnson, Pfizer and Morgan Stanley
September 16, 2023 | msn.com
Meta's Next-Gen Ray-Ban Smart Glasses Near Launch? Here's What FCC Listing Suggests
See More Headlines
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META Company Calendar

Last Earnings
7/26/2023
Today
9/21/2023
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
$319.79
High Stock Price Forecast
$435.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+8.1%
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
34.47
Forward P/E Ratio
22.30
P/E Growth
0.99
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
6.53
Cash Flow
$13.17 per share
Price / Cash Flow
22.45
Book Value
$48.49 per share
Price / Book
6.10

Miscellaneous

Outstanding Shares
2,573,160,000
Free Float
2,219,351,000
Market Cap
$760.96 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 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 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 analysts have issued 1 year price targets for Meta Platforms' shares. Their META share price forecasts range from $80.00 to $435.00. On average, they anticipate the company's stock price to reach $319.79 in the next year. This suggests a possible upside of 8.1% 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 145.7% and is now trading at $295.73.
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 earnings results on Wednesday, July, 26th. The social networking company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.36. The social networking company earned $32 billion during the quarter, compared to analysts' expectations of $30.91 billion. Meta Platforms had a net margin of 18.70% and a trailing twelve-month return on equity of 21.72%.

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 Index 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 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 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.
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 $295.73.

How much money does Meta Platforms make?

Meta Platforms (NASDAQ:META) has a market capitalization of $760.96 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 9/22/2023 by MarketBeat.com Staff

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