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 $572.43, up 2.1% from the previous day, and has increased 81.26% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.43 percentage points. Facebook stock is currently +82.5% from its 52-week low of $313.66, and -5.06% from its 52-week high of $602.95.
As of Nov 5, 2024, there are 2.52B shares of META outstanding. The market value of META is $1.45T. In the past 24 hours, 9.69M 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 38 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.
Shyam Patil, a top 9% analyst from Susquehanna maintains META with a strong buy rating and raises their META price target from $600.00 to $675.00, on Oct 31, 2024.
Rohit Kulkarni, a top 1% analyst from Roth MKM maintains META with a strong buy rating and raises their META price target from $620.00 to $635.00, on Oct 31, 2024.
Roth MKM's Rohit Kulkarni raised their price target on Facebook (NASDAQ: META) by 2.4% from $620 to $635 on 2024/10/31. The analyst maintained their Strong Buy rating on the stock.
Meta Platforms reported its Q3 2024 earnings on 2024/10/30.
Kulkarni attributed the 3% post-print dip in the price of the stock to Q3's revenue coming below the high end of management's guidance.
For its part, the analyst told readers that Roth MKM was impressed by management's Q4 revenue guidance that implied 20% growth exiting FY 2024
Kulkarni recommended that investors buy the dip because Meta Platform shares are trading at 2x expected FY 2024 EPS and 22x expected FY 2025 EPS "while delivering above-peer growth over the past six quarters, commendable considering the company's size."
For Q3 2024, Meta Platforms reported:
Management guided:
For Q4 2024:
For FY 2024:
CEO Mark Zuckerberg commented: "We had a good quarter driven by AI progress across our apps and business.
We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses."
Ross Sandler, a top 7% analyst from Barclays maintains META with a strong buy rating and raises their META price target from $550.00 to $630.00, on Oct 31, 2024.
Nat Schindler, a top 36% analyst from ScotiaBank maintains META with a hold rating and lowers their META price target from $585.00 to $583.00, on Oct 31, 2024.
Doug Anmuth, a top 1% analyst from JP Morgan maintains META with a strong buy rating and raises their META price target from $640.00 to $660.00, on Oct 31, 2024.
You can dig deeper into what analysts are forecasting on the Facebook stock forecast page.
Last year, META earnings were $55.54B. In the past five year, META's earnings have gone up by 28.26% per year. This was faster than the Internet Content & Information industry average of 25.05%.
Last year, META revenue was $156.23B. In the past 5 year, META's revenue has increased by 18.62% per year. This was faster than the Internet Content & Information industry average of 18%.
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.
Javier Olivan, Chief Operating Officer of META, was the latest META insider to sell. They sold $234,410.54 worth of META shares on Nov 1, 2024.
Research more about who owns META stock here.
Facebook pays a dividend of 0.26%, compared to the Internet Content & Information industry's average dividend yield of 13.21%. If you owned $1,000 worth of META stock, you would have received $2.62 in the past 12 months.
Find more info about Facebook dividend yield and history here.
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