Meta Platforms, Inc. (META)
NASDAQ: META · IEX Real-Time Price · USD
473.23
-8.31 (-1.73%)
At close: May 16, 2024, 4:00 PM
472.60
-0.63 (-0.13%)
After-hours: May 16, 2024, 7:05 PM EDT
Meta Platforms Stock Forecast
Stock Price Forecast
The 40 analysts with 12-month price forecasts for Meta Platforms stock have an average target of 495.18, with a low estimate of 285 and a high estimate of 610. The average target predicts an increase of 4.64% from the current stock price of 473.23.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Meta Platforms stock from 42 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 23 | 24 | 22 | 21 | 23 | 22 |
| Buy | 20 | 20 | 19 | 19 | 17 | 15 |
| Hold | 1 | 2 | 2 | 2 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 2 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 46 | 48 | 45 | 43 | 44 | 42 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Exane BNP Paribas | Exane BNP Paribas | Sell Initiates $360 | Sell | Initiates | $360 | -23.93% | May 2, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $555 → $550 | Strong Buy | Maintains | $555 → $550 | +16.22% | May 1, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $590 → $550 | Strong Buy | Maintains | $590 → $550 | +16.22% | Apr 25, 2024 |
| Barclays | Barclays | Buy Maintains $550 → $520 | Buy | Maintains | $550 → $520 | +9.88% | Apr 25, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $520 → $500 | Strong Buy | Maintains | $520 → $500 | +5.66% | Apr 25, 2024 |
Financial Forecast
Revenue This Year
161.41B
from 134.90B
Increased by 19.65%
Revenue Next Year
181.86B
from 161.41B
Increased by 12.67%
EPS This Year
20.42
from 14.87
Increased by 37.34%
EPS Next Year
23.62
from 20.42
Increased by 15.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 172.7B | 204.8B | 240.5B | 245.9B | 272.4B |
| Avg | 161.4B | 181.9B | 202.8B | 224.8B | 243.3B |
| Low | 148.3B | 157.2B | 179.1B | 198.1B | 214.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.0% | 26.9% | 32.2% | 21.3% | 21.2% |
| Avg | 19.6% | 12.7% | 11.5% | 10.8% | 8.3% |
| Low | 9.9% | -2.6% | -1.5% | -2.3% | -4.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.18 | 29.83 | 36.54 | 38.68 | 39.08 |
| Avg | 20.42 | 23.62 | 27.01 | 30.19 | 32.08 |
| Low | 15.48 | 16.76 | 21.19 | 23.28 | 25.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 76.0% | 46.1% | 54.7% | 43.2% | 29.4% |
| Avg | 37.3% | 15.6% | 14.4% | 11.8% | 6.3% |
| Low | 4.1% | -17.9% | -10.3% | -13.8% | -15.9% |
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.