Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.
Facebook stock last closed at $327.15, down 1.52% from the previous day, and has increased 177.01% in one year. It has overperformed other stocks in the Internet Content & Information industry by 1.61 percentage points. Facebook stock is currently +190.9% from its 52-week low of $112.46, and -4.6% from its 52-week high of $342.92.
As of Nov 30, 2023, there are 2.57B shares of META outstanding. The market value of META is $840.73B. In the past 24 hours, 22.4M META shares were traded.
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After you have figured out the best place to buy Facebook stock, it's crucial to research their stock prior to investing, so you can comprehend the risk as well as the opportunity.
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on META's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge META's true value.
Using relative valuations measures:
You can do more valuation research on META's stock here.
Out of 31 sell side analysts who track META, the consensus analyst rating on Facebook is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Rohit Kulkarni, a top 1% analyst from Roth MKM maintains META with a strong buy rating and raises their META price target from $360.00 to $365.00, on Oct 26, 2023.
Scott Devitt, a top 4% analyst from Wedbush reiterates META with a buy rating and maintains their META price target from $350.00 to $350.00, on Oct 26, 2023.
Wedbush's Scott Devitt reiterated their Buy rating on Facebook (NASDAQ: META). The analyst also maintained a $350 price target.
Revenue and profit for the quarter came in "significantly higher than expected," Devitt summed up following Facebook's Q3 2023 print released on 2023/10/25.
Although earnings beat expectations and the company's expense guidance was positive, shares were down after hours, the analyst noted.
Devitt said they think this was because management talked about macro volatility and a slower start to Q4 ad spending, possibly related to the recent conflict in the Middle East, which has caused some advertisers to pause brand campaigns.
The analyst said Wedbush thinks investors' attention is now on FY 2024 growth.
Even though the macro environment is uncertain, Devitt argued Meta is still in a "good position" because of better Reels monetization, growing click-to-message momentum, continued adoption of Advantage+, and AI efforts that should support growth.
For Q3 2023, Meta Platforms reported:
Management guided:
For Q4 2023:
For FY 2023:
For FY 2024
Founder & CEO Mark Zuckerberg commented: "We had a good quarter for our community and business.
"I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio."
Ken Gawrelski, a top 19% analyst from Wells Fargo maintains META with a strong buy rating and raises their META price target from $372.00 to $380.00, on Oct 26, 2023.
Ross Sandler, a top 12% analyst from Barclays maintains META with a strong buy rating and lowers their META price target from $410.00 to $400.00, on Oct 26, 2023.
Barton Crockett, a top 25% analyst from Rosenblatt maintains META with a strong buy rating and raises their META price target from $372.00 to $411.00, on Oct 26, 2023.
You can dig deeper into what analysts are forecasting on the Facebook stock forecast page.
Last year, META earnings were $29.73B. In the past five year, META's earnings have gone up by 11.33% per year. This was slower than the Internet Content & Information industry average of 22.56%.
Last year, META revenue was $126.96B. In the past 5 year, META's revenue has increased by 19.59% per year. This was slower than the Internet Content & Information industry average of 20.2%.
Dive into META's earnings and revenue performance here.
In the past year, executives and large shareholders at META have sold more shares than they have bought.
Mark Zuckerberg, COB and CEO of META, was the latest META insider to sell. They sold $50,933.55 worth of META shares on Nov 29, 2023.
Research more about who owns META stock here.
No, Facebook doesn't provide an income stream by paying out dividends.
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