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META   485.58 (-1.68%)
GOOGL   150.93 (+0.04%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
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PYPL   66.99 (+0.63%)
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DOW   39,807.37 (+0.12%)
QQQ   444.01 (-0.18%)
AAPL   171.48 (-1.06%)
MSFT   420.72 (-0.17%)
META   485.58 (-1.68%)
GOOGL   150.93 (+0.04%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)
S&P 500   5,254.35 (+0.11%)
DOW   39,807.37 (+0.12%)
QQQ   444.01 (-0.18%)
AAPL   171.48 (-1.06%)
MSFT   420.72 (-0.17%)
META   485.58 (-1.68%)
GOOGL   150.93 (+0.04%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)

Meta Platforms (META) Stock Price, News & Analysis

$485.58
-8.28 (-1.68%)
(As of 04:00 PM ET)
Today's Range
$485.15
$492.89
50-Day Range
$376.13
$512.19
52-Week Range
$202.54
$523.57
Volume
15.07 million shs
Average Volume
17.91 million shs
Market Capitalization
$1.24 trillion
P/E Ratio
32.59
Dividend Yield
0.41%
Price Target
$496.35

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
2.2% Upside
$496.35 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of Meta Platforms in the last 14 days
Based on 81 Articles This Week
Insider Trading
Selling Shares
$703.63 M Sold Last Quarter
Proj. Earnings Growth
15.80%
From $19.94 to $23.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.92 out of 5 stars

Computer And Technology Sector

173rd out of 587 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

13th out of 55 stocks

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

Facebook News tab will soon be unavailable as Meta scales back news and political content
Meta will be sunsetting Facebook News in early April for users in the U.S. and Australia as the platform further deemphasizes news and politics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
Algeria’s government has flooded newly opened markets selling subsidized goods with pantry staples to stave off shortages during Islam’s holy month of Ramadan, when demand typically increases in Muslim-majority countries and prices tend to rise
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
A school bus company where a noose was found is ending its contract with St. Louis Public Schools
A school bus company will terminate its contract with St. Louis Public Schools a year early
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
European regulators investigate Apple, Google and Meta under new digital law
European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month
Rationed food kept Cubans fed during the Cold War. Today an economic crisis has them hungry
María de los Ángeles Pozo used to get a little notebook laying out her family’s rations in Cuba’s subsidized neighborhood stores
Meta, Snapchat and TikTok sued by Ontario schools
Big tech outperformance coming to an end, says broker
3 Leading AI Stocks That May Actually Be Value Plays
Meta in hot water over Snapchat spyware debacle
3 Metaverse Stocks to Buy on the Dip: March 2024
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/26 Dividend
2/21/2024
Dividend Payable
3/26/2024
Today
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

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
67,317
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$496.35
High Stock Price Target
$609.00
Low Stock Price Target
$280.00
Potential Upside/Downside
+1.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
44 Analysts

Profitability

Net Income
$39.10 billion
Pretax Margin
35.16%

Debt

Sales & Book Value

Annual Sales
$134.90 billion
Cash Flow
$19.41 per share
Book Value
$60.08 per share

Miscellaneous

Outstanding Shares
2,549,410,000
Free Float
2,198,862,000
Market Cap
$1.24 trillion
Optionable
Optionable
Beta
1.21

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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 Monday, March 25, 2024 at 11:35 AM.

Pros

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

  • Meta Platforms has a strong presence in the social networking industry, with popular platforms like Facebook, Instagram, Messenger, and WhatsApp, offering diverse revenue streams.
  • Recent institutional investments and stake increases by major players like Mirae Asset Global Investments Co. Ltd. and Vanguard Group Inc. indicate confidence in Meta's growth potential.
  • Meta's stock price has shown resilience and growth, with a consensus rating of "Moderate Buy" and an average price target of $496.35, suggesting positive sentiment from analysts.
  • Continuous innovation in products like virtual reality headsets and wearables through the Reality Labs segment showcases Meta's commitment to technological advancement and diversification.
  • Meta's global reach and user engagement across different demographics provide a solid foundation for long-term growth and expansion opportunities in emerging markets.

Cons

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

  • Regulatory challenges and privacy concerns surrounding data usage on social media platforms like Facebook could lead to increased scrutiny and potential legal implications, impacting Meta's operations.
  • Competition in the social networking space is intense, with emerging platforms and changing user preferences posing a threat to Meta's market share and revenue growth.
  • Market volatility and macroeconomic factors can influence Meta's stock performance, making it susceptible to fluctuations based on broader economic conditions and investor sentiment shifts.
  • Dependency on advertising revenue exposes Meta to risks associated with changes in digital advertising trends, algorithm updates, and shifts in consumer behavior that could affect revenue streams.
  • Concerns about user engagement levels, content moderation challenges, and maintaining a positive brand image amidst controversies could impact Meta's reputation and user trust over time.

META Stock Analysis - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

44 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 1 sell rating, 2 hold ratings, 39 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

44 Wall Street analysts have issued 12-month target prices for Meta Platforms' shares. Their META share price targets range from $280.00 to $609.00. On average, they predict the company's stock price to reach $496.35 in the next year. This suggests a possible upside of 2.2% 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 2024?

Meta Platforms' stock was trading at $353.96 at the start of the year. Since then, META stock has increased by 37.2% and is now trading at $485.58.
View the best growth stocks for 2024 here
.

When is Meta Platforms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our META earnings forecast
.

How were Meta Platforms' earnings last quarter?

Meta Platforms, Inc. (NASDAQ:META) announced its quarterly earnings data on Thursday, February, 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The social networking company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a trailing twelve-month return on equity of 29.48%. The firm's revenue was up 24.7% on a year-over-year basis. During the same period last year, the company earned $3.00 EPS.

How often does Meta Platforms pay dividends? What is the dividend yield for Meta Platforms?

Meta Platforms announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.50 per share on Tuesday, March 26th. This represents a $2.00 annualized dividend and a yield of 0.41%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for META
.

Is Meta Platforms a good dividend stock?

Meta Platforms (NASDAQ:META) pays an annual dividend of $2.00 per share and currently has a dividend yield of 0.40%. The dividend payout ratio is 13.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, META will have a dividend payout ratio of 8.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for META.

What guidance has Meta Platforms issued on next quarter's earnings?

Meta Platforms issued an update on its first quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $34.5 billion-$37.0 billion, compared to the consensus revenue estimate of $33.8 billion.

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.31%), Vanguard Group Inc. (7.31%), Price T Rowe Associates Inc. MD (1.79%), Capital World Investors (1.49%), Capital International Investors (1.36%) and Norges Bank (1.24%). Insiders that own company stock include Andrew Bosworth, David B Fischer, David B Fischer, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/28/2024 by MarketBeat.com Staff

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