Meta Platforms, Inc. (META)

NASDAQ: META · IEX Real-Time Price · USD
496.98
+12.88 (2.66%)
At close: Mar 18, 2024, 4:00 PM
494.60
-2.38 (-0.48%)
Pre-market: Mar 19, 2024, 5:27 AM EDT
2.66%
Market Cap 1.23T
Revenue (ttm) 134.90B
Net Income (ttm) 39.10B
Shares Out 2.55B
EPS (ttm) 14.87
PE Ratio 33.42
Forward PE 24.22
Dividend $2.00 (0.40%)
Ex-Dividend Date Feb 21, 2024
Volume 11,511,871
Open 491.91
Previous Close 484.10
Day's Range 486.81 - 497.42
52-Week Range 193.64 - 523.57
Beta 1.21
Analysts Strong Buy
Price Target 434.41 (-12.59%)
Earnings Date Apr 24, 2024

About META

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. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a mess... [Read more]

IPO Date May 18, 2012
Employees 67,317
Stock Exchange NASDAQ
Ticker Symbol META
Full Company Profile

Financial Performance

In 2023, Meta Platforms's revenue was $134.90 billion, an increase of 15.69% compared to the previous year's $116.61 billion. Earnings were $39.10 billion, an increase of 68.53%.

Financial Statements

Analyst Forecast

According to 43 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $434.41, which is a decrease of -12.59% from the latest price.

Price Target
$434.41
(-12.59% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Meta Platforms' Competitive Edge With Reels & Quest VR

Meta Platforms (META) is growing quickly with its Reels platform as TikTok-style content continues to be preferred. Andy Swan says that the Quest VR gained popularity when Apple Vision Pro announcemen...

7 hours ago - Schwab Network

Meta is more of a content recommendation engine than a social media network: Wells Fargo's Gawrelsk

Ken Gawrelski, Wells Fargo Securities equity analyst and managing director, joins 'The Exchange' to discuss the competition between Meta and Google, what's driving Meta now, and more.

15 hours ago - CNBC Television

Can Biden Ask Facebook To Remove Misinformation? Supreme Court Case Being Heard Today Will Decide.

The Supreme Court will hear oral arguments Monday in a case that will determine to what extent the federal government can contact and exert pressure on social media companies, after two GOP-led states...

23 hours ago - Forbes

Turkey takes measure against Meta over Threads-Instagram data sharing

Turkey's competition authority said on Monday that it imposed an interim measure on Facebook parent Meta Platforms Inc meant to hinder data sharing between the company's Instagram and Threads platform...

1 day ago - Reuters

Meta, Boeing, GE Vernova join US business delegation to Vietnam this week

A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate interest in the Southeast Asian nation after Wa...

Other symbols: BA
1 day ago - Reuters

Meta investigated over illicit drug sales: Report

US authorities are investigating Meta over its role in the illicit sale of medications, The Wall Street Journal reported Saturday.

1 day ago - TechXplore

Feds investigating Meta for possible role in illegal drug sales on Facebook, Instagram

During the COVID-19 pandemic, telehealth companies took advantage of Facebook and Instagram by running ads for prescription drugs, which maybe have contributed to the abuse of controlled substances.

2 days ago - New York Post

AI talk is surging during company earnings calls — and so are those companies' shares

Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.

2 days ago - Market Watch

US investigating Meta for role in drug sales, WSJ reports

U.S. federal authorities are investigating Meta Platforms for its role in the illicit sale of drugs, the Wall Street Journal newspaper reported on Saturday citing documents and people familiar with th...

2 days ago - Reuters

Meta wins court order overturning ruling to stop using name in Brazil

Facebook-parent Meta on Friday won a Brazilian court order overturning a previous ruling that barred it from using the name in the South American country, due to confusion with another company.

3 days ago - Reuters

Meta has the best real-world use case for AI at the moment: Manager

Nick Griffin of Munro Partners says social media will be a key beneficiary of the ongoing AI "arms race".

3 days ago - CNBC International TV

Trade Tracker: Jenny Harrington sells Toyota and Brenda Vingiello trims Nvidia and Meta

Jenny Harrington and Brenda Vingiello join "Halftime Report" to go over their most recent portfolio moves.

Other symbols: NVDATM
4 days ago - CNBC Television

UNITE HERE: Contracted Food Service Workers at Meta Struggle to Afford Housing and Food Despite Meta's Surging Profits

MENLO PARK, Calif.--(BUSINESS WIRE)---- $META--According to a UNITE HERE report, contracted food service workers working in Meta cafeterias struggle to afford basic expenses like rent and food.

4 days ago - Business Wire

W4 Games and Meta Team Up to Expand Open-Source Godot Ecosystem on Meta Quest

DUBLIN & SAN FRANCISCO--(BUSINESS WIRE)--W4 Games announced that it is collaborating with Meta to significantly improve the game developer experience with Godot on the Meta Quest Platform.

4 days ago - Business Wire

For Gen Z, Facebook Is a Marketplace

For a generation that loves thrift-shopping, Facebook isn't a place to socialize online — it's the best place to score some deals.

5 days ago - NYTimes

TikTok ban a 'measurable opportunity for Meta,' says Deepwater's Gene Munster

Gene Munster, Deepwater Asset Management, joins 'Fast Money' to discuss the repercussions and opportunities of a TikTok ban in the U.S.

5 days ago - CNBC Television

FTC can reopen Meta privacy case despite $5 billion fine, court rules

Meta cannot stop the U.S. Federal Trade Commission from reopening a probe into its Facebook unit's privacy practices for now, a U.S. appeals court ruled, despite Meta's objections that it already paid...

5 days ago - Reuters

3 AI Stocks Everyone's Missed

AI stocks are booming—but they're an absolute “dividend desert” for us contrarian income-seekers.

Other symbols: ESSSRE
5 days ago - Forbes

Nvidia Stock Rises. Its Chips Are Powering Meta's New AI Model.

Nvidia was rising early on Wednesday. The chip maker's hardware is powering the training of Meta Platforms' next artificial-intelligence model.

Other symbols: NVDA
6 days ago - Barrons

No more free lunches: How laid-off tech workers are surviving a tight job market

Carmen Kiew has some encouraging words for her fellow tech workers, despite the constant toll of layoffs from which no one seems to be safe.

6 days ago - Market Watch

GenSight Biologics Announces Initial Results from New Meta-Analyses on Visual Outcomes with LUMEVOQ® Gene Therapy at NANOS 2024

PARIS--(BUSINESS WIRE)--Regulatory News: GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible), a biopharma company focused on developing and commercializing innovative gene thera...

7 days ago - Business Wire

Meta Shares Plummet: Worst Day In Eight Months

Shares of Facebook and Instagram parent company Meta tanked on Monday, suffering their worst day on Wall Street in nearly eight months on the heels of former President Donald Trump's scathing review o...

7 days ago - Forbes

Three-Stock Lunch: Meta, EQT & Valmont industries

Michael Farr, Hightower Advisors chief investment strategist, joins 'Power Lunch' to discuss stock plays for three stocks, including Meta, EQT and Valmont industries.

Other symbols: VMIEQT
7 days ago - CNBC Television

Instagram surpasses TikTok in number of app downloads in 2023: report

Instagram dethroned TikTok as the app with the most downloads in 2023 as the China-owned video app faces scrutiny from US regulators, with some lawmakers warning it poses a security threat. Instagram'...

7 days ago - New York Post

Meta Platforms (META) Pulls Back from 52-Week High

Meta Platforms (META) pulls back from its 52-week high. Alex Coffey and Jenny Horne discuss this as Meta's stock is up over 170% year-over-year and up 37% year-to-date.

7 days ago - Schwab Network