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NASDAQ:META

Meta Platforms (META) Stock Forecast, Price & News

$263.60

-7.52 (-2.77%)

(As of 06/7/2023 ET)

Compare

Today's Range: $262.80
▼
$274.25
50-Day Range: $207.55
▼
$272.61
52-Week Range: $88.09
▼
$276.57

Volume: 26.13 million shs
Average Volume: 20.31 million shs
Market Capitalization: $675.54 billion

P/E Ratio: 32.70
Dividend Yield: N/A
Price Target: $245.13

Meta Platforms MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 6.3% Downside
$247.11 Price Target
Short Interest: Healthy
1.25% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.01
Based on 48 Articles This Week
Insider Trading: Selling Shares
$8.80 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.

2.58 out of 5 stars

Computer And Technology Sector

116th out of 594 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 2.76, and is based on 39 buy ratings, 7 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $247.11, Meta Platforms has a forecasted downside of 6.3% from its current price of $263.60.
Amount of Analyst Coverage
Meta Platforms has been the subject of 35 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.

2.2

News and Social Media Coverage

News Sentiment
Meta Platforms has a news sentiment score of 0.01. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 48 news articles for Meta Platforms this week, compared to 26 articles on an average week.
Search Interest
Only 342 people have searched for META on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
524 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 $8,799,321.00 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 32.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meta Platforms is 32.70, 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 300.33.
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 5.44. 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 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

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 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

May 8, 2023 | marketbeat.com

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

Facebook says it is not dead

June 7, 2023 | bizjournals.com

Even more Meta real estate hits sublease market

June 7, 2023 | finance.yahoo.com

Google, Meta use 'bullying tactics' against Canada news bill, PM Trudeau says

June 7, 2023 | finance.yahoo.com

UPDATE 1-Google, Meta use 'bullying tactics' against Canada news bill, PM Trudeau says

June 7, 2023 | finance.yahoo.com

Meta will let you keep your Instagram and Facebook accounts separate after German antitrust concerns

June 7, 2023 | msn.com

The rivalry between Meta and Apple is moving to a new playing field: virtual reality

June 7, 2023 | msn.com

Meta to introduce new accounts centre after talks -German cartel office

June 7, 2023 | finance.yahoo.com

Here’s How Meta Platforms (META) Managed to Outperform in Q1

June 7, 2023 | msn.com

Agency urges Meta to remove pillows linked to 10 infant deaths from Facebook Marketplace

June 7, 2023 | americanbankingnews.com

Meta Platforms (NASDAQ:META) PT Raised to $350.00

June 7, 2023 | msn.com

Judge Clears Trial For Former Meta Employee’s Discrimination Suit

June 6, 2023 | finance.yahoo.com

Apple's New AR Headset Is a Good Thing for Meta

June 6, 2023 | finance.yahoo.com

Apple’s Vision Pro Joins Crowded Field Trying to Make Headsets the Next Big Thing

June 6, 2023 | finance.yahoo.com

We asked metaverse users what they think of Apple’s VR headset

June 5, 2023 | cnbc.com

Meta's heated rivalry with Apple enters new phase as the tech giants go after headsets

June 5, 2023 | finance.yahoo.com

Top Stock Reports for Meta Platforms, Boeing & IBM

June 5, 2023 | markets.businessinsider.com

META Stock Outlook: This Is the Biggest Risk Facing Meta Platforms Today

June 5, 2023 | baystreet.ca

Meta Platforms Blocks News Content In Canada

See More Headlines

META Price History

30 days | 90 days | 365 days | Advanced Chart

META Company Calendar

Last Earnings: 2/01/2023
Today: 6/08/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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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: $247.20
High Stock Price Forecast: $350.00
Low Stock Price Forecast: $80.00
Forecasted Upside/Downside: -7.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 50 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.06
Trailing P/E Ratio: 32.70
Forward P/E Ratio: 21.89
P/E Growth: 1.03
Net Income: $23.20 billion
Net Margins: 18.27%
Pretax Margin: 23.19%
Return on Equity: 20.67%
Return on Assets: 14.39%

Debt

Debt-to-Equity Ratio: 0.08
Current Ratio: 2.07
Quick Ratio: 2.07

Sales & Book Value

Annual Sales: $116.61 billion
Price / Sales: 5.79
Cash Flow: $13.20 per share
Price / Cash Flow: 19.97
Book Value: $48.49 per share
Price / Book: 5.44

Miscellaneous

Outstanding Shares: 2,562,730,000
Free Float: 2,203,181,000
Market Cap: $675.54 billion
Optionable: Optionable
Beta: 1.19

Social Links

Key Executives

Mark Elliot Zuckerberg
Chairman & Chief Executive Officer

Javier Olivan
Chief Operating Officer

Susan J. Li
Chief Financial Officer

Andrew Bosworth
Chief Technology Officer

Atish Banerjea
Chief Information 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?: 50 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 3 sell ratings, 7 hold ratings, 39 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" META shares.
View META analyst ratings or view top-rated stocks.
What is Meta Platforms' stock price forecast for 2023?: 50 equities research analysts have issued 1-year target prices for Meta Platforms' shares. Their META share price forecasts range from $80.00 to $350.00. On average, they expect the company's share price to reach $247.20 in the next twelve months. This suggests that the stock has a possible downside of 6.2%.
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 stock has increased by 119.0% and is now trading at $263.60.
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, July 26th 2023.
View our META earnings forecast.
How were Meta Platforms' earnings last quarter?: Meta Platforms, Inc. (NASDAQ:META) issued its earnings results on Wednesday, February, 1st. The social networking company reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.88. The social networking company had revenue of $32.17 billion for the quarter, compared to analyst estimates of $31.69 billion. Meta Platforms had a trailing twelve-month return on equity of 20.67% and a net margin of 18.27%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 EPS.
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), 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).
What guidance has Meta Platforms issued on next quarter's earnings?: Meta Platforms issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) 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.

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 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.
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 $263.60.
How much money does Meta Platforms make?: Meta Platforms (NASDAQ:META) has a market capitalization of $675.54 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.
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 6/8/2023 by MarketBeat.com Staff

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Meta Platforms (META) Stock Forecast, Price & News

Meta Platforms MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Meta Platforms (NASDAQ:META) Stock

META Stock News Headlines

META Price History

META Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

META Stock - Frequently Asked Questions

Overall MarketRank^™