Meta Platforms, Inc. (META)

NASDAQ: META · IEX Real-Time Price · USD
481.74
-2.29 (-0.47%)
At close: Feb 26, 2024, 4:00 PM
480.45
-1.29 (-0.27%)
After-hours: Feb 26, 2024, 7:59 PM EST
-0.47%
Market Cap 1.23T
Revenue (ttm) 134.90B
Net Income (ttm) 39.10B
Shares Out 2.55B
EPS (ttm) 14.87
PE Ratio 32.40
Forward PE 23.46
Dividend $2.00 (0.42%)
Ex-Dividend Date Feb 21, 2024
Volume 12,101,415
Open 483.47
Previous Close 484.03
Day's Range 480.60 - 486.14
52-Week Range 169.06 - 494.36
Beta 1.15
Analysts Strong Buy
Price Target 424.81 (-11.82%)
Earnings Date Feb 1, 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 45 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $424.81, which is a decrease of -11.82% from the latest price.

Price Target
$424.81
(-11.82% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Instagram and Facebook Subscriptions Are a New Focus of Child Safety Suit

New Mexico's attorney general has accused Meta of not protecting children from sexual predators on its platforms. He now wants to know how it polices subscribers to accounts featuring children.

3 hours ago - NYTimes

Meta drops lawsuit against web scraping firm Bright Data that sold millions of Instagram records

Meta has dropped its lawsuit against an  Israeli web scraping company Bright Data, after losing a key claim in its case a few weeks ago.

13 hours ago - TechCrunch

Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have sold stock worth about $9 billion. They might think markets can't go much higher.

Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have all been selling shares in their companies. The Amazon founder and JPMorgan and Meta CEOs risk sending a worrying message to markets.

Other symbols: AMZNJPM
18 hours ago - Business Insider

Meta to set up team to counter disinformation, AI abuse in EU elections

Facebook owner Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence in the run-up to European Parliament elections in June amid concerns about election ...

1 day ago - Reuters

Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta's AI

Honor demonstrated eye-tracking technology in the Magic 6 Pro as it launched the device into international markets at Mobile World Congress in Barcelona.

1 day ago - CNBC

'Magnificent 7' tech stocks are dangerously dominant — and recession's still a real risk, top economist warns

The "Magnificent Seven" dominate the stock market to a worrying extent, one expert says. Deutsche Bank's economics chief, Jim Read, said investors should be wary of an economic slump.

3 days ago - Business Insider

Here Are Google's Biggest AI Image Rivals—Including From Meta And OpenAI—As It Pauses Gemini Tool

Google on Thursday announced it will “pause” some features of its AI image generator Gemini after backlash over its depiction of gender and ethnic diversity, but the company has a number of competitor...

Other symbols: GOOGGOOGL
3 days ago - Forbes

Satori Fund's Dan Niles: 'Magnificent Seven' stocks should be renamed the 'Fantastic Four'

Dan Niles, Satori Fund founder and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why he believes the 'Magnificent Seven' should be rebranded as the 'Fantastic Four', why h...

3 days ago - CNBC Television

Two top tech investors discuss the sustainability of the Magnificent 7 rally

Nancy Tengler, CEO and CIO of Laffer Tengler Investments, and James Cakmak, Partner at Clockwise Capital, discuss the tech sector's rally this week.

3 days ago - CNBC Television

Meta's oversight board expands scope to Threads

Meta Platforms' oversight board said on Thursday it would include social media platform Threads under its purview, expanding its scope for the first time to bring in better, more accountable decisions...

4 days ago - Reuters

Meta says not required to pay for Indonesia news content posted voluntarily

Facebook parent Meta Platforms Inc on Thursday said it understood it was not required to pay for content by news publishers posted voluntarily by users in Indonesia, after its government issued a regu...

5 days ago - Reuters

The Magnificent 7 'acquit' themselves this earnings season, says Jim Cramer

'Mad Money' host Jim Cramer takes a look back at all the Mag 7 results from this most recent round of earnings.

5 days ago - CNBC Television

Cramer ranks each of the Magnificent Seven's latest quarters

CNBC's Jim Cramer gave his take on the Magnificent Seven tech stocks' recent earnings reports.

5 days ago - CNBC

Google releases 'open' AI models after Meta

Google on Wednesday released new artificial intelligence (AI) models that outside developers potentially can fashion as their own, following a similar move by Meta Platforms and others.

Other symbols: GOOGGOOGL
5 days ago - Reuters

The AI boom of today and the telecom bubble of 1990s share these similarities

The stock market can be fickle, and it doesn't always reward the pioneers of a new technology over the long term.

5 days ago - Market Watch

Meta's Zuckerberg to meet Samsung chief, discuss AI in S.Korea -media

Meta's CEO Mark Zuckerberg is planning to visit South Korea to meet Samsung Electronics chairman Jay Y. Lee as early as later this month, South Korean media reported on Wednesday.

Other symbols: SSNLF
6 days ago - Reuters

UBER Rides Higher & META's Year of Efficiency

Morningstar has a $74 fair value estimate on Uber (UBER). Morningstar's Ali Mogharabi discusses why Uber continues to ride higher.

Other symbols: UBER
6 days ago - Schwab Network

Meta, Google and other social-media companies brace for heightened deepfake perils ahead of 2024 elections

The first U.S. presidential election in the era of deepfakes is presenting officials with challenges never before seen at a time when tech giants are scaling back their cyber-defenses.

Other symbols: GOOGGOOGL
6 days ago - Market Watch

Meta, Amazon, And Netflix: Will These Three Leading Growth Stocks Hold Gap Support? - Meta Platforms (NASDAQ:META), Amazon.com (NASDAQ:AMZN)

After a remarkably bullish January, which continued the strong market action in November and December, February has had a distinctly different feel. But while breadth conditions have certainly become ...

Other symbols: AMZNNFLX
6 days ago - Benzinga

Mark Zuckerberg's Bold Mover - How Meta's Pursuit Of Unprecedented Heights Involves A Surprising Swipe At Apple - Meta Platforms (NASDAQ:META)

The Apple Vision Pro, priced at a premium $3,500, is Apple's entry into the high-end VR headset market. On the other hand, Meta Platforms Inc's META Quest 3 is much more affordable at £479.

6 days ago - Benzinga

Social Media Victims Law Center and Belluck & Fox file lawsuit against Meta, ByteDance, Inc., TikTok and Metropolitan Transportation Authority on the one-year anniversary of Zackery Nazario's death from a “subway surfing” accident

NEW YORK--(BUSINESS WIRE)--The Social Media Victims Law Center and Belluck & Fox, LLP are filing a wrongful death lawsuit against Meta Platforms, Inc., ByteDance, Inc., TikTok and the Metropolitan Tra...

6 days ago - Business Wire

Meta's Bully Tactics Attempt to Remove Threads Software Limited Trademark Protections

LONDON--(BUSINESS WIRE)--Meta through its UK lawyers Bird & Bird is attempting to revoke the trademark protections of UK software company Threads Software Limited. It is the latest bullying tactic fro...

7 days ago - Business Wire

Top Wall Street analysts like these 3 stocks for long-term growth

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Chipotle Mexican Grill and Meta Platforms.

Other symbols: CMGCOST
8 days ago - CNBC

OpenAI's ‘Sora' Has Rivals In The Works—Including From Google And Meta

ChatGPT maker OpenAI stepped up the race in generative artificial intelligence Thursday when it unveiled its text-to-video generation tool, Sora, viewed as an impressive but potentially dangerous step...

Other symbols: GOOGGOOGL
10 days ago - Forbes

Amazon, Google, Meta and Microsoft among tech companies to sign pact combatting AI-generated election trickery

Major technology companies signed a pact Friday to voluntarily adopt “reasonable precautions” to prevent artificial-intelligence tools from being used to disrupt democratic elections around the world.

Other symbols: AMZNGOOGGOOGLMSFT
10 days ago - Market Watch