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S&P 500   4,283.85
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High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
Followed 534 TimesTop FollowedMost-Upgraded StocksMost-Upgraded
NASDAQ:META

Meta Platforms (META) Stock Forecast, Price & News

$271.12
-0.27 (-0.10%)
(As of 06/6/2023 ET)
Compare
Today's Range
$269.69
▼
$276.57
50-Day Range
$205.35
▼
$272.61
52-Week Range
$88.09
▼
$276.57
Volume
19.40 million shs
Average Volume
28.32 million shs
Market Capitalization
$694.81 billion
P/E Ratio
33.64
Dividend Yield
N/A
Price Target
$245.13
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Meta Platforms MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
8.8% Downside
$247.20 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Meta Platforms in the last 14 days
Based on 51 Articles This Week
Insider Trading
Selling Shares
$8.87 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.

2.51 out of 5 stars

Computer And Technology Sector

119th out of 607 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

7th out of 58 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.

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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 7, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
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
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 7, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
May 8, 2023 | marketbeat.com
Facebook has 3 billion users. Many of them are old.
Facebook says it is not dead
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
June 5, 2023 | finance.yahoo.com
Nicola Mendelsohn battled an incurable cancer on her way to becoming a top Meta exec. Now she’s trying to solve the Facebook parent’s growth crisis
June 5, 2023 | americanbankingnews.com
Meta Platforms (NASDAQ:META) Price Target Raised to $300.00
June 5, 2023 | forbes.com
Stocks This Week: Buy Oracle And Meta Platforms
June 5, 2023 | americanbankingnews.com
Meta Platforms, Inc. (NASDAQ:META) Given Consensus Rating of "Moderate Buy" by Analysts
June 3, 2023 | msn.com
Why Meta may pull news content from Facebook in California
June 2, 2023 | finance.yahoo.com
Facebook parent Meta Platforms bringing workers back to office three times a week
June 2, 2023 | techcrunch.com
Meta found liable as court blocks firing of moderators
June 2, 2023 | finance.yahoo.com
Meta Platforms (META) Flat As Market Gains: What You Should Know
June 2, 2023 | msn.com
Meta Platforms Inc. stock remains steady Friday, underperforms market
June 2, 2023 | finance.yahoo.com
Meta Platforms Stock: Bear vs. Bull
See More Headlines

META Price History

META Company Calendar

Last Earnings
2/01/2023
Today
6/06/2023
Next Earnings (Estimated)
7/26/2023
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
$247.20
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
-9.8%
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
33.73
Forward P/E Ratio
22.58
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
5.97
Cash Flow
$13.55 per share
Price / Cash Flow
20.06
Book Value
$48.49 per share
Price / Book
5.61

Miscellaneous

Outstanding Shares
2,562,730,000
Free Float
2,203,181,000
Market Cap
$696.73 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • Mark Elliot ZuckerbergMark Elliot Zuckerberg
    Chairman & Chief Executive Officer
  • Javier OlivanJavier Olivan
    Chief Operating Officer
  • Susan J. LiSusan J. Li
    Chief Financial Officer
  • Andrew BosworthAndrew 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 research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last twelve months. 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 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 Wall Street 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 stock price to reach $247.20 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
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 beginning of the year. Since then, META shares have increased by 125.3% and is now trading at $271.12.
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) released its quarterly earnings data on Wednesday, February, 1st. The social networking company reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.88. The social networking company earned $32.17 billion during the quarter, compared to analysts' expectations of $31.69 billion. Meta Platforms had a trailing twelve-month return on equity of 20.67% and a net margin of 18.27%. Meta Platforms's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm 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 updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided 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 variety of retail and institutional investors. Top institutional shareholders 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 $271.12.

How much money does Meta Platforms make?

Meta Platforms (NASDAQ:META) has a market capitalization of $694.81 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 6/7/2023 by MarketBeat.com Staff

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