Meta Platforms, Inc. (META)
| Market Cap | 1.42T |
| Revenue (ttm) | 156.23B |
| Net Income (ttm) | 55.54B |
| Shares Out | 2.52B |
| EPS (ttm) | 21.18 |
| PE Ratio | 26.59 |
| Forward PE | 23.06 |
| Dividend | $2.00 (0.36%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 10,869,427 |
| Open | 569.52 |
| Previous Close | 565.52 |
| Day's Range | 549.05 - 570.00 |
| 52-Week Range | 313.66 - 602.95 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 632.69 (+12.36%) |
| Earnings Date | Oct 30, 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]
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 StatementsAnalyst Forecast
According to 44 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $632.69, which is an increase of 12.36% from the latest price.
News
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Meta is leading the race to monetize generative AI, says Morgan Stanley analyst
Brian Nowak, head of U.S. internet research at Morgan Stanley, says Meta is winning the race to monetize generative artificial intelligence and machine learning, though more innovation and use cases a...
Meta hires Salesforce's CEO of AI, Clara Shih, to lead new business AI group
Meta hired Salesforce's CEO of AI, Clara Shih, to lead a new organization building AI tools for businesses that use Meta's apps to reach consumers, according to a LinkedIn post from Shih on Tuesday. M...
META Top Pick in Strong Consumer Market
Brian Glenn says the market reflects consumer strength seen far before Walmart (WMT) dropped its latest earnings. Looking forward, he expects the Fed's rate cut path to become the biggest macro point ...
Meta's Reward For Providing Free Global Communications? FTC Lawsuit
In the 1860s the first transcontinental cable was laid on the ocean floor. While it miraculously connected North America with Europe, communication via the connection was only affordable to the riches...
AI Spending To Exceed A Quarter Trillion Dollars Next Year
AI is expected to have a multi-trillion dollar economic impact globally, with a recent estimate from IDC placing AI's cumulative potential impact through 2030 at $20 trillion. Developing larger models...
Meta to appeal Indian order that curbs data-sharing between WhatsApp, other apps
Meta Platforms said on Tuesday it plans to appeal an order by India's competition watchdog that restricts the U.S. tech firm from sharing data for advertising between WhatsApp and its other applicatio...
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Meta Launches AI-Powered Ray-Bans for Users in Europe
Meta AI says its Ray-Ban smartglasses are now available in four European countries. Beginning Monday (Nov. 18), users in France, Spain, Ireland and Italy can use these artificial intelligence (AI)-pow...
India fines Meta $25.4 million over WhatsApp privacy policy
India's competition watchdog has fined Meta $25.4 million for antitrust violations related to WhatsApp's controversial 2021 privacy policy.
India's competition regulator imposes $25.4 mln fine on Meta for WhatsApp's 2021 privacy policy
India's competition watchdog imposed a monetary penalty of 2.14 billion rupees ($25.4 million) on Meta on Monday over antitrust violations related to WhatsApp's 2021 privacy policy.
Facebook users affected by data breach eligible for compensation, German court says
A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation.
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