Meta Platforms, Inc. (META)
NASDAQ: META · Real-Time Price · USD
524.62
-0.98 (-0.19%)
At close: Sep 13, 2024, 4:00 PM
524.26
-0.36 (-0.07%)
After-hours: Sep 13, 2024, 4:32 PM EDT
Stock Price Forecast
The 39 analysts with 12-month price forecasts for Meta Platforms stock have an average target of 569.05, with a low estimate of 360 and a high estimate of 660. The average target predicts an increase of 8.47% from the current stock price of 524.62.
Analyst Consensus: Strong Buy
Target | Low | Average | Median | High |
---|---|---|---|---|
Price | $360 | $569.05 | $575 | $660 |
Change | -31.38% | +8.47% | +9.60% | +25.81% |
Analyst Ratings
The average analyst rating for Meta Platforms stock from 41 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
---|---|---|---|---|---|---|
Strong Buy | 23 | 22 | 22 | 20 | 20 | 21 |
Buy | 17 | 15 | 15 | 16 | 17 | 16 |
Hold | 3 | 3 | 3 | 2 | 2 | 2 |
Sell | 1 | 2 | 2 | 2 | 2 | 2 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 44 | 42 | 42 | 40 | 41 | 41 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
DA Davidson | DA Davidson | Strong Buy Initiates $600 | Strong Buy | Initiates | $600 | +14.37% | Sep 10, 2024 |
Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $660 | Buy | Initiates | $660 | +25.81% | Sep 5, 2024 |
Needham | Needham | Sell Reiterates n/a | Sell | Reiterates | n/a | n/a | Sep 4, 2024 |
Tigress Financial | Tigress Financial | Strong Buy Maintains $575 → $645 | Strong Buy | Maintains | $575 → $645 | +22.95% | Aug 16, 2024 |
Loop Capital | Loop Capital | Strong Buy Maintains $550 → $575 | Strong Buy | Maintains | $550 → $575 | +9.60% | Aug 6, 2024 |
Financial Forecast
Revenue This Year
Increased by 22.19%
from 134.90B
Revenue Next Year
187.67B
from 164.84B
Increased by 13.85%
from 164.84B
EPS This Year
21.63
from 14.87
Increased by 45.48%
from 14.87
EPS Next Year
24.60
from 21.63
Increased by 13.70%
from 21.63
Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | ||
Revenue | 70.70B | 85.97B | 117.93B | 116.61B | 134.90B | 164.84B | 187.67B | 210.08B | ||
Revenue Growth | 26.61% | 21.60% | 37.18% | -1.12% | 15.69% | 22.19% | 13.85% | 11.94% | ||
EPS | 6.43 | 10.09 | 13.77 | 8.59 | 14.87 | 21.63 | 24.60 | 28.12 | ||
EPS Growth | -15.06% | 56.92% | 36.47% | -37.62% | 73.11% | 45.48% | 13.70% | 14.32% | ||
Forward PE | - | - | - | - | - | 24.25 | 21.33 | 18.66 | ||
No. Analysts | - | - | - | - | - | 64 | 64 | 41 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 172.3B | 203.0B | 235.4B | ||
Avg | 164.8B | 187.7B | 210.1B | ||
Low | 154.7B | 169.3B | 185.1B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 27.8% | 23.2% | 25.5% | ||
Avg | 22.2% | 13.9% | 11.9% | ||
Low | 14.7% | 2.7% | -1.3% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 23.64 | 28.76 | 33.98 | ||
Avg | 21.63 | 24.60 | 28.12 | ||
Low | 18.35 | 20.29 | 21.06 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 58.9% | 32.9% | 38.1% | ||
Avg | 45.5% | 13.7% | 14.3% | ||
Low | 23.4% | -6.2% | -14.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.