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Meta Platforms, Inc. (META)
NASDAQ: META · IEX Real-Time Price · USD
509.50
+4.82 (0.96%)
At close: Jul 2, 2024, 4:00 PM
509.23
-0.27 (-0.05%)
After-hours: Jul 2, 2024, 6:55 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 498.75, with a low estimate of 285 and a high estimate of 610. The average target predicts a decrease of -2.11% from the current stock price of 509.50.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $285 $498.75 $525 $610
Change -44.06% -2.11% +3.04% +19.73%

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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 222123222222
Buy 191917151515
Hold 223333
Sell 111222
Strong Sell 100000
Total 454344424242

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Laura Martin
Needham
 Needham
Sell
Reiterates
n/a
 Sell Reiterates n/a n/a Jul 1, 2024
Justin Patterson
Keybanc
 Keybanc
Buy
Maintains
$475 → $540
 Buy Maintains $475 → $540 +5.99% Jun 20, 2024
Brian Pitz
BMO Capital
 BMO Capital
Hold
Reiterates
$450
 Hold Reiterates $450 -11.68% Jun 12, 2024
Josh Beck
Raymond James
 Raymond James
Strong Buy
Maintains
$525 → $550
 Strong Buy Maintains $525 → $550 +7.95% Jun 5, 2024
Stefan Slowinski
Exane BNP Paribas
 Exane BNP Paribas
Sell
Initiates
$360
 Sell Initiates $360 -29.34% May 2, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
161.94B
from 134.90B
Increased by 20.04%
Revenue Next Year
182.57B
from 161.94B
Increased by 12.74%
EPS This Year
20.60
from 14.87
Increased by 38.51%
EPS Next Year
23.56
from 20.60
Increased by 14.37%
Year 2019202020212022202320242025202620272028
Revenue
70.70B85.97B117.93B116.61B134.90B161.94B182.57B203.86B224.75B243.32B
Revenue Growth
26.61%21.60%37.18%-1.12%15.69%20.04%12.74%11.66%10.25%8.26%
EPS
6.4310.0913.778.5914.8720.6023.5627.1130.1932.08
EPS Growth
-15.06%56.92%36.47%-37.62%73.11%38.51%14.37%15.11%11.35%6.26%
Forward PE
-----24.7421.6318.7916.8715.88
No. Analysts -----626234117
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 169.6B 195.5B 221.4B 245.9B 272.4B
Avg 161.9B 182.6B 203.9B 224.8B 243.3B
Low 152.0B 166.5B 182.0B 198.1B 214.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
25.7%
20.7%
21.3%
20.6%
21.2%
Avg
20.0%
12.7%
11.7%
10.2%
8.3%
Low
12.7%
2.8%
-0.3%
-2.8%
-4.5%

EPS Forecast

EPS 20242025202620272028
High 22.98 27.83 33.05 38.68 39.08
Avg 20.60 23.56 27.11 30.19 32.08
Low 17.50 19.39 22.34 23.28 25.39

EPS Growth

EPS Growth 20242025202620272028
High
54.6%
35.1%
40.3%
42.7%
29.4%
Avg
38.5%
14.4%
15.1%
11.4%
6.3%
Low
17.7%
-5.8%
-5.1%
-14.1%
-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.