Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide.
Facebook stock last closed at $186.06, down 0.25% from the previous day, and has decreased 17.27% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.17 percentage points. Facebook stock is currently +111.22% from its 52-week low of $88.09, and -21.45% from its 52-week high of $236.86.
As of Feb 6, 2023, there are 2.59B shares of META outstanding. The market value of META is $482.39B. In the past 24 hours, 42.18M 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.
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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 45 sell side analysts who track META, the consensus analyst rating on Facebook is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Ronald Josey, a top 9% analyst from Citigroup maintains META with a strong buy rating and raises their META price target from $168.00 to $228.00, on Feb 3, 2023.
Nicolas Cote-Colisson, a bottom 24% analyst from HSBC downgrades META to a sell rating and announces their META price target of $110.00, on Feb 3, 2023.
Following the release of the company's Q4 and FY 2022 earnings report on 2023/02/01, Cote-Colisson downgraded Meta Platforms, Inc. from Hold to Sell and assigned a $110 price target.
Results showed higher engagement, but revenue was still down, the analyst reported.
Headwinds for the company, including the macro backdrop, competition, and regulation, continue to outweigh the company's "longer-term tailwind - its lead in the Metaverse," Cote-Colisson said, arguing that the shares "are now overpriced after the recent rally, which accounts for his Sell rating."
Meta reported:
For Q4:
For FY 2021:
Management guided:
For FY 2023:
Founder & CEO Mark Zuckerberg commented: "Our community continues to grow and I'm pleased with the strong engagement across our apps.
"Facebook just reached the milestone of 2B daily actives. The progress we're making on our AI discovery engine and Reels are major drivers of this.
"Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization."
Benjamin Black, a bottom 14% analyst from Deutsche Bank maintains META with a strong buy rating and raises their META price target from $125.00 to $200.00, on Feb 2, 2023.
Brad Erickson, a top 7% analyst from RBC Capital maintains META with a buy rating and raises their META price target from $160.00 to $225.00, on Feb 2, 2023.
Michael Morris, a top 17% analyst from Guggenheim maintains META with a strong buy rating and raises their META price target from $130.00 to $210.00, on Feb 2, 2023.
You can dig deeper into what analysts are forecasting on the Facebook stock forecast page.
Last year, META earnings were $23.20B. In the past five year, META's earnings have gone up by 9.47% per year. This was slower than the Internet Content & Information industry average of 24.67%.
Last year, META revenue was $116.61B. In the past 5 year, META's revenue has increased by 23.46% per year. This was faster than the Internet Content & Information industry average of 23.44%.
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.
Jennifer Newstead, Chief Legal Officer of META, was the latest META insider to sell. They sold $50,616.00 worth of META shares on Feb 1, 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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