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Followed 439 TimesTop FollowedTop-Rated StocksTop-Rated

Meta Platforms (META) Stock Price, News & Analysis

$324.70
-8.05 (-2.42%)
(As of 01:45 PM ET)
Compare
Today's Range
$320.00
▼
$329.89
50-Day Range
$288.35
▼
$341.49
52-Week Range
$112.46
▼
$342.92
Volume
18.72 million shs
Average Volume
24.62 million shs
Market Capitalization
$834.43 billion
P/E Ratio
28.66
Dividend Yield
N/A
Price Target
$349.53
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
7.5% Upside
$349.53 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.05mentions of Meta Platforms in the last 14 days
Based on 72 Articles This Week
Insider Trading
Selling Shares
$133.32 M Sold Last Quarter
Proj. Earnings Growth
22.70%
From $14.32 to $17.57 Per Share

Overall MarketRank™

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

2.51 out of 5 stars

Computer And Technology Sector

115th out of 584 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

10th out of 51 stocks

See Top Rated MarketRank™ Stocks Here

META stock logo

About Meta Platforms Stock (NASDAQ:META)

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 Stock Price History

META Stock News Headlines

December 6, 2023 | marketbeat.com
Analysts shift attention to new market leaders in Q4 (META)
The top rankings for Most Upgraded stocks changed leaving market leaders like Meta Platforms at risk of topping out while others rally to new highs.
November 30, 2023 | marketbeat.com
Facebook parent Meta sues the FTC claiming 'unconstitutional authority' in child privacy case
The parent company of Instagram and Facebook has sued the Federal Trade Commission in an attempt to stop the agency from reopening a 2020 privacy settlement with the company that would prohibit it from profiting from data it collects on users under 18
December 11, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
November 26, 2023 | marketbeat.com
Court document claims Meta knowingly designed its platforms to hook kids, reports say
A newly unsealed legal complaint claims Facebook parent Meta Platforms deliberately engineered its social platforms to hook kids
November 26, 2023 | marketbeat.com
Russia puts spokesman for tech giant and Facebook owner Meta on wanted list
Russia's interior ministry has added the spokesman of U.S. tech giant Meta, which owns Facebook and Instagram, to a wanted list, according to its online database
December 11, 2023 | finance.yahoo.com
Meta Platforms' (META) Focus on User Privacy Boosts Prospects
December 11, 2023 | finance.yahoo.com
US judge to hear Meta privacy dispute with FTC next month
December 10, 2023 | msn.com
Meta’s Underappreciated AI Assets Draw Attention from BofA Analysts
December 11, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 10, 2023 | seekingalpha.com
Meta Platforms Triggers Our Buy On Weakness Signal (Technical Analysis)
December 10, 2023 | finance.yahoo.com
AMD's AI Superchip Is Finally Here
December 9, 2023 | businessinsider.com
Elon Musk's 'attitude' is part of an advertising exodus. Here's why Meta's pedophile problem hasn't done the same.
December 9, 2023 | finance.yahoo.com
Would You Still Want to Acquire Meta Platforms (META) Shares?
December 9, 2023 | benzinga.com
Elon Musk Has This 'Real Question' For Bob Iger After Disney Halts Ads On X
December 8, 2023 | investorplace.com
Meta Platforms Stock Has More Room To Run
December 8, 2023 | americanbankingnews.com
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 28,009 Shares
December 7, 2023 | msn.com
Facebook to encrypt all messages automatically
December 7, 2023 | theguardian.com
Meta platforms are marketplaces for child predators claims lawsuit
December 7, 2023 | cnn.com
Meta rolls out encrypted messaging by default for Facebook and Messenger
December 7, 2023 | businessinsider.com
Meta is finally encrypting all messages and calls on Facebook and Messenger. It took 4 years.
December 7, 2023 | bizjournals.com
New Mexico attorney general files suit against Meta, claims its platforms encourage child sexual abuse, human trafficking
December 7, 2023 | finance.yahoo.com
Microsoft (NASDAQ: MSFT) Vs. Meta (NASDAQ: META) — Analyzing $1,000 Investments From May 18, 2012
December 7, 2023 | finance.yahoo.com
UPDATE 1-Kenya judge finds Meta is not in contempt of court
December 7, 2023 | msn.com
Meta delivers long-awaited privacy features for Facebook and Messenger
December 7, 2023 | msn.com
Facebook Messenger update sets default end-to-end encryption for chats and calls
December 7, 2023 | finance.yahoo.com
Zacks Investment Ideas feature highlights: Alphabet, Meta Platforms and Coinbase
December 7, 2023 | finance.yahoo.com
Should You Still Consider to Acquire Meta Platforms (META) Shares?
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024
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 Target
$349.53
High Stock Price Target
$435.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
49 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$11.33
Trailing P/E Ratio
29.37
Forward P/E Ratio
23.24
P/E Growth
1.07
Net Income
$23.20 billion
Net Margins
23.42%
Pretax Margin
28.96%
Return on Equity
26.40%
Return on Assets
17.55%

Debt

Debt-to-Equity Ratio
0.13
Current Ratio
2.57
Quick Ratio
2.57

Sales & Book Value

Annual Sales
$116.61 billion
Price / Sales
7.33
Cash Flow
$13.85 per share
Price / Cash Flow
24.03
Book Value
$48.49 per share
Price / Book
6.86

Miscellaneous

Outstanding Shares
2,569,860,000
Free Float
2,216,507,000
Market Cap
$855.12 billion
Optionable
Optionable
Beta
1.20

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Should I Buy Meta Platforms Stock? META Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Meta Platforms was last updated on Sunday, December 10, 2023 at 7:08 PM.

Pros

Here are some ways that investors could benefit from investing in Meta:

  • Meta Platforms Inc. (NASDAQ: META) has shown impressive returns in recent rolling time frames, including a year-to-date return of 131.40%.
  • Analysts expect Meta's earnings to grow 95% this year and another 18% in 2024, indicating potential future growth.
  • Meta is using AI to optimize ads and drive more viewers, which can lead to increased revenue.
  • Meta's recent expansion of options for Reels advertisers indicates a focus on revenue growth in this area.
  • Investments in AI can deliver incremental usage across Meta's Reels platform, benefiting users, creators, and advertisers.

Cons

Investors should be bearish about investing in Meta for these reasons:

  • Meta faced a series of setbacks, including a whistleblower testimony and the underperformance of its metaverse project.
  • Apple's ad measurement and tracking changes have negatively impacted Meta's business.
  • Publishers increasingly demand to be paid when their content appears on Meta's Facebook news, leading to potential financial implications.
  • Meta's temporary scrapping of the launch of Voicebox, a generative AI product, raises concerns about potential risks and misuse.
  • Investors should consider the volatility of the stock market and the potential risks associated with investing in any company.














META Stock Analysis - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

49 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last twelve months. There are currently 2 sell ratings, 3 hold ratings, 43 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 target for 2024?

49 Wall Street analysts have issued twelve-month target prices for Meta Platforms' stock. Their META share price targets range from $155.00 to $435.00. On average, they anticipate the company's stock price to reach $349.53 in the next twelve months. This suggests a possible upside of 8.9% 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 at the start of the year. Since then, META shares have increased by 166.7% and is now trading at $320.92.
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, February 7th 2024.
View our META earnings forecast.

How were Meta Platforms' earnings last quarter?

Meta Platforms, Inc. (NASDAQ:META) issued its quarterly earnings data on Wednesday, October, 25th. The social networking company reported $4.39 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.77. The social networking company earned $34.15 billion during the quarter, compared to the consensus estimate of $33.58 billion. Meta Platforms had a trailing twelve-month return on equity of 26.40% and a net margin of 23.42%. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share.

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 Magnificent Seven ETF (BIGT).

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (5.09%), Morgan Stanley (1.41%), Northern Trust Corp (0.90%), Wellington Management Group LLP (0.82%), Invesco Ltd. (0.68%) and Bank of New York Mellon Corp (0.63%). Insiders that own company stock include Andrew Bosworth, 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.

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
This page (NASDAQ:META) was last updated on 12/11/2023 by MarketBeat.com Staff

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