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META   486.02 (-1.59%)
GOOGL   150.58 (-0.19%)
AMZN   179.90 (+0.04%)
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NVDA   905.82 (+0.37%)
NIO   4.61 (-1.28%)
AMD   181.80 (+1.23%)
BABA   72.48 (+1.24%)
T   17.61 (+0.34%)
F   13.23 (+1.30%)
MU   118.03 (-0.93%)
CGC   9.83 (+2.93%)
GE   175.88 (-2.35%)
DIS   122.62 (+1.36%)
AMC   3.70 (-14.75%)
PFE   27.88 (+0.36%)
PYPL   67.61 (+1.56%)
XOM   115.74 (+0.67%)

Meta Platforms (META) Stock Price, News & Analysis

$486.02
-7.84 (-1.59%)
(As of 12:39 PM ET)
Today's Range
$485.15
$492.89
50-Day Range
$376.13
$512.19
52-Week Range
$202.54
$523.57
Volume
5.85 million shs
Average Volume
17.75 million shs
Market Capitalization
$1.24 trillion
P/E Ratio
32.62
Dividend Yield
0.41%
Price Target
$496.35

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
2.1% 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 85 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.

3.91 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

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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
+0.5%
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
$19.36 per share
Book Value
$60.08 per share

Miscellaneous

Outstanding Shares
2,549,410,000
Free Float
2,191,723,000
Market Cap
$1.26 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 brokerages have issued 1 year target prices for Meta Platforms' shares. Their META share price targets range from $280.00 to $609.00. On average, they expect the company's stock price to reach $496.35 in the next year. This suggests a possible upside of 2.1% 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 2024?

Meta Platforms' stock was trading at $353.96 at the start of the year. Since then, META shares have increased by 37.4% and is now trading at $486.27.
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 earnings results on Thursday, February, 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. The social networking company earned $40.11 billion during the quarter, compared to analysts' expectations of $39.12 billion. Meta Platforms had a trailing twelve-month return on equity of 29.48% and a net margin of 28.98%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 earnings per share.

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

Meta Platforms declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, February 22nd will be given 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 of this dividend 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 many different retail and institutional investors. Top institutional shareholders 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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