Meta Platforms, Inc. (META)
| Market Cap | 1.10T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 24.88 |
| Forward PE | 21.01 |
| Dividend | $0.50 (0.12%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 21,454,918 |
| Open | 439.56 |
| Previous Close | 443.29 |
| Day's Range | 428.56 - 439.76 |
| 52-Week Range | 229.85 - 531.49 |
| Beta | 1.18 |
| Analysts | Strong Buy |
| Price Target | 493.13 (+13.99%) |
| 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]
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 41 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $493.13, which is an increase of 13.99% from the latest price.
News
AI Stock plays: Why this analyst likes Microsoft over Meta
Big tech companies are all about AI this earnings season. Meta Platforms (META) and Microsoft (MSFT) have spent a lot of money on ramping up their AI offerings, but only one has a stock you may want t...
Mag 7 Making Magnificent Moves?
Tesla (TSLA) is rallying after clearings hurdles for full self-driving in China. David G. Dietze discusses this, as well as how Meta's (META) oversight board is planning to trim its workforce.
Meta faces new EU investigation ahead of European elections in June
Meta could face a huge fine amid an ongoing EU investigation of concerns it hasn't done enough to combat disinformation ahead of upcoming European elections. Transcript: Caroline Woods: I'm Caroline W...
Meta confirms launch of a bonus program for creators on Threads
Meta's Threads social network passed the 150 million monthly users mark recently, but the company is not slowing down its growth engine. To increase engagement, the social media giant is running a lim...
META to be Probed by European Commission Over Disinformation
Meta Platforms (META) is to be probed by a European Commission over its handling of disinformation. The Commission says that Meta doesn't do enough to stop political advertising that could hurt the el...
EU to investigate Meta over election misinformation ahead of June polls
Facebook and Instagram owner given five days to address Brussels' concerns it is failing to counter ‘deceptive advertising' or monitor content
Meta's Oversight Board is reportedly planning to cut staff
Meta's "supreme court," the Oversight Board, is planning to make some layoffs. The body last week told some employees their jobs were at risk, The Washington Post reported.
Meta's Guillaume Cribier joins MGID as Head of Global Publisher Success
LOS ANGELES--(BUSINESS WIRE)--MGID, the award-winning confirms that Meta's Guillaume Cribier is joining its global team as Head of Global Publisher Success.
Meta Platforms Stock Dropped 10.6% In A Day, What's Next?
Meta Platforms' stock (NASDAQ NASDAQ : META) has gained 25% YTD, while the S&P500 is up only 6% over the same period. That said, the stock price plummeted 10.6% April 25th vs a 0.5% decrease in the br...
EU to probe Meta over handling of Russian disinformation, FT reports
European Union regulators are expected to open a probe into Meta Platforms over concerns that the company is failing to do enough to counter disinformation from Russia and other countries, the Financi...
Digital ad market is finally on the mend, bouncing back from the 'dark days' of 2022
Earnings reports this week from Meta, Alphabet and Snap showed a solid recovery in the online ad market.
Google, Microsoft, Meta, Intel, and Snap earnings analysis
The release of earnings from Big Tech giants has commenced, with industry leaders like Alphabet (GOOG, GOOGL) and Microsoft (MSFT)impressing Wall Street analysts with their financial performance. As t...
Meta's $35 Billion Bet on AI Fuels the Tech Arms Race
Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal investment raises pivotal questions ...
Meta, Netflix and 2 Other Stocks May Be Bargains After Post-Earnings Slides
Shares of Meta Platforms, Netflix, Sherwin-Williams, and Caterpillar look cheap compared with earnings growth down the line.
GOOGL, META, AAPL: The A.I. Race for Big Tech
Gemini powers Google Cloud's suite of pre-trained A.I. services like Vision A.I.
Trade Tracker: Steve Weiss buys more Meta
Steve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain his latest trade.
Why Meta is a great buy after Q1 earnings slump
In the wake of Meta Platforms Inc. (NASDAQ: META) recent earnings report, the company finds itself at a pivotal juncture, with both triumphs and challenges shaping its narrative.
Microsoft, Snap, Meta, Amazon, AMD, and Other Tech Stocks in Focus Today
Tech stocks launched a solid rebound early Friday as Alphabet and Microsoft earnings brought renewed optimism to the sector.
Impact of META's Earnings on Big Tech
Alphabet (GOOGL) reports earnings this afternoon. Logan Gilland discusses big tech earnings.
Mark Zuckerberg 's net worth plummets by more than $18 billion from Meta stock drop
Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.
Why Meta is looking to the fediverse as the future for social media
Meta's move into the open social web, also known as the fediverse, is puzzling.
TikTok Ban Would Be a Win for Meta: Enberg
Jasmine Enberg, principal analyst at Insider Intelligence, discusses what a potential TikTok ban would mean for other social media companies. She speaks with Ed Ludlow on "Bloomberg Technology.
Meta's AI venture is a good long-term investment, says Raymond James' Josh Beck
Josh Beck, Raymond James senior internet analyst, joins 'Closing Bell' to discuss Meta and if investors should play into its AI venture.
Meta is not showing investors enough to justify VR spending sprees, says Rob Sanderon
Rob Sanderson, managing director at Loop Capital, joins CNBC's 'The Exchange' to breakdown Meta earnings.
Meta Earnings Beat, Guidance Disappoints
Meta's Mark Zuckerberg says "It's been a good start to the year." But following Wednesday's 1Q earnings release, shares of META haven't been off to a good start on Thursday.