Meta Platforms, Inc. (META)
| Market Cap | 1.57T |
| Revenue (ttm) | 156.23B |
| Net Income (ttm) | 55.54B |
| Shares Out | 2.52B |
| EPS (ttm) | 21.18 |
| PE Ratio | 29.44 |
| Forward PE | 25.59 |
| Dividend | $2.00 (0.32%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 12,190,221 |
| Open | 623.41 |
| Previous Close | 616.46 |
| Day's Range | 619.55 - 633.70 |
| 52-Week Range | 385.66 - 638.40 |
| Beta | 1.19 |
| Analysts | Strong Buy |
| Price Target | 650.95 (+4.4%) |
| Earnings Date | Jan 29, 2025 |
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 46 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $650.95, which is an increase of 4.40% from the latest price.
News
India tribunal puts antitrust order on WhatsApp-Meta data sharing ban on hold
An Indian appeals tribunal on Thursday put on hold the antitrust authority's five-year data sharing ban between WhatsApp and Meta for advertising purposes.
Meta's revised paid ad-free service may breach EU privacy laws, consumer group says
META PLATFORMS REVISED PAID AD-FREE SERVICE MAY STILL BREACH EU PRIVACY, CONSUMER LAWS, CONSUMER GROUP SAYS
Meta: $750 Is Possible In 2025
Meta Platforms, Inc.'s stock remains attractive due to AI and Metaverse opportunities, even after the stock's massive run in the last couple of years. The company has a massive catalyst in smart glass...
US Meta users report automatic re-follows of president, VP accounts
Some Meta social media users said on Wednesday that their accounts re-followed the profiles of President Donald Trump, Vice President JD Vance and first lady Melania Trump after they had unfollowed th...
Early Facebook investor Jim Breyer says Zuckerberg has been 'revitalized' by Meta's AI push
Jim Breyer, who backed Facebook in 2005, said founder Mark Zuckerberg has been "revitalized" by Meta's new focus on artificial intelligence. "I think he feels right now with what he's doing with AI, w...
Here's why you're suddenly following President Trump on Instagram
Many Instagram users have complained this week that Meta has forced them to follow President Trump's accounts without their consent. A spokesman for the company said on Threads that the @POTUS, @VP a...
Meta joins Databricks' mega funding round
CNBC's Deirdre Bosa joins 'The Exchange' to discuss the latest news on AI funding.
Databricks CEO talks Meta investment and the future of closed vs. open source AI
Ali Ghodsi, Databricks CEO, joins 'Money Movers' to discuss Databricks recent investment from Meta, and much more.
Meta: Why I'll Buy Aggressively On Any Pullback
Meta Platforms investors celebrate another momentous year of outperforming the market. Mark Zuckerberg's "year of intensity" seeks to open up greener pastures in AI, consumer products, and efficiency ...
Facebook removes, then reinstates, page of British anti-racism organisation
One of Britain's biggest anti-racism organisations, Stand Up to Racism, said on Wednesday its Facebook page had been shut down for allegedly breaching the social media platform's community standards o...
Meta offers creators $5,000 to join Facebook and Instagram amid TikTok uncertainty
Facebook and Instagram owners Meta is offering popular US creators from competitors' apps such as TikTok the chance to earn $5,000 (£4,040) in bonuses to make content on its platforms.
Meta backs data analytics firm Databricks as AI boom attracts investors
Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.
Meta Q4 Preview: The Social Media Empire Is Burgeoning, But I Want Better Value
Meta Platforms, Inc.'s Q4 2024 is poised to show 24% revenue growth YoY, driven by AI-driven user engagement and strong daily active user metrics. Reality Labs poses high-risk, high-reward potential; ...
Should You Buy Meta Platforms Stock Before Jan. 29?
Meta Platforms (META 0.81%) has done an excellent job finding growth despite its massive scale.
Meta backs Databricks as the data analytics startup inches toward IPO
Meta has invested in data analytics software company Databricks. The two companies work together on Llama open-source artificial intelligence models.
MSFT, GOOGL and META Forecast – Major Tech Stocks Ready to Move
In the early hours of Wednesday, it looks as if the larger tech stocks in the US are ready to continue to go higher. Ultimately, they are all in an uptrend, and this looks like it will continue, altho...
Meta Stock Is a Top AI Pick, Analyst Says. Why TikTok Drama Is Another Tailwind.
Meta stock is up 5% so far this year and momentum is looking strong, Jefferies analysts say.
Meta ex-COO Sandberg sanctioned in investor lawsuit for deleting emails
Meta Platforms' former chief operating officer, Sheryl Sandberg, was sanctioned by a judge on Tuesday for deleting emails related to litigation over Facebook's Cambridge Analytica privacy scandal, des...
Meta COO Sheryl Sandberg sanctioned by judge for allegedly deleting emails
A Delaware judge has sanctioned Sheryl Sandberg, Meta's former COO and board member, for allegedly deleting emails related to the Cambridge Analytica privacy scandal.
Meta executives try to reassure advertisers after CEO Mark Zuckerberg's free speech makeover
Meta executives met with advertisers in recent days to reassure them following some company changes. Meta has cut third-party fact-checkers and replaced them with community notes.
Meta is building Oakley smart glasses for athletes: report
Meta's Reality Labs is expanding its lineup of AI smart glasses with a new pair of Oakley-branded spectacles targeted at athletes, according to Bloomberg's Mark Gurman.
Meta: Entering 2025, The Market Is Again Underrating Zuckerberg And The Company
Consensus estimates for Meta's 2025 are too low, baking in significant revenue slowdown and margin contraction. The market is once again underestimating the company's dominant position in digital adve...
Meta's Community Notes Shift
Meta ends its third party fact-checking in the US but says Europe's fact-checking structure will remain the same for now. Bloomberg's Kurt Wagner joins Caroline Hyde and Mike Shepard on "Bloomberg Tec...
Here's why Meta is still an 'underweight' at Needham
Laura Martin, senior internet and media analyst at Needham, joins ‘The Exchange' to discuss why she has a 'buy' rating on Apple, whether TikTok ban could benefit other social media platforms, and more...
Meta will pay some TikTok creators to post on Instagram and Facebook. Here are the details.
Meta will pay TikTok creators who post on Instagram and Facebook with a new program. The "Breakthrough Bonus" will pay eligible creators up to $5,000 within a 90-day period.