Based on analyst ratings, Meta Platforms's 12-month average price target is $522.49. Meta Platforms has 8.50% upside potential, based on the analysts' average price target. Meta Platforms has a conensus rating of Strong Buy which is based on 36 buy ratings, 3 hold ratings and 2 sell ratings.Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending. Meta shares tumbled 10% on Thursday, their worst day since October 2022, after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.The name change, first announced in October 2021, is effective today. This completes Meta's transformation to a holding company that owns a broad spectrum of technology applications from its old image as solely the owner of the Facebook social media platform.
Is Meta stock gonna recover : The stock should recover and move toward the analyst's price target as market participants return their attention to the company's long-term growth prospects.
Should I hold Meta stock
Wall Street is very high on the stock, with 40 of the 46 brokerage recommendations that Zacks has at “Strong Buys.” Meta stock has soared 125% in the last year and 450% off its 2022 lows, including a 40% YTD surge.
Will Meta stocks ever recover : Looking further ahead, analysts expect Meta's revenue and earnings to grow 12% and 15%, respectively, in 2026. If Meta remains on track to hit those targets and still trades at 23 times forward earnings, its stock could reach $610 by the end of 2025.
META Bulls Say
Meta's ad revenue per user is growing, demonstrating the value advertisers see in working with the firm. Applying artificial intelligence technology to Meta's various offerings and launching VR products will increase user engagement, driving further growth in advertising revenue.
For Meta, its vision of the next stage of AI development would involve increased creative capacity through AI interaction, including, potentially, the ability to create whole new VR environments, by simply speaking them into existence.
Is Facebook changing in 2024
In 2024, Facebook plans to further expand its VR and AR offerings with new features that will likely revolutionize the way people use Facebook. As AR and VR become more prevalent, businesses need to consider how they can use these technologies to engage with followers and customers.According to our current META stock forecast, the value of Meta shares will rise by 2.68% and reach $ 463.29 per share by May 11, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear).Analysts expect Meta's revenue to rise 18% this year, compared to 17% for Pinterest and 14% for Snap. It's also growing faster than Alphabet, which grew Google's advertising revenue 13% year over year in the first quarter of 2024.
Meta Platforms (ex Facebook)'s market capitalization is $1,198.21 B by 2.88 B shares outstanding. Is Meta Platforms stock a Buy, Sell or Hold Meta Platforms stock has received a consensus rating of buy. The average rating score is and is based on 89 buy ratings, 4 hold ratings, and 2 sell ratings.
How high will Meta go in 2024 : While 38 have it down as a 'Buy' and two as a 'Strong Buy,' there are also three 'Hold' recommendations in place and one 'Sell. ' The consensus Meta share price forecast is that it could rise 15.36% over the coming year to $509.18 from its $441.38 closing price on April 25, 2024.
What will Meta be worth in 5 years : Long-Term Meta Stock Price Predictions
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 617.20 | 30.93% |
| 2026 | $ 808.09 | 71.42% |
| 2027 | $ 1,058.02 | 124.44% |
| 2028 | $ 1,385.26 | 193.86% |
Should I sell Meta stock
With its 2-star rating, we believe Meta's stock is overvalued compared with our long-term fair value estimate of $400 per share, representing an enterprise value of 11 times our 2024 adjusted EBITDA projection.
Reality check: Meta is one of the few social media firms that's been able to recover all of its losses from the pandemic-driven ad slowdown in 2022. Shares in the company skyrocketed during its last earnings report in February, after the firm declared its first-ever quarterly dividend of $0.50 per share.Risk and Uncertainty
Even with Meta's dominant position in the social network market, its dependence on online advertising exposes it to a lengthy downturn in online ad spending, which could happen during a protracted economic downturn.
What will happen to Facebook in 10 years : In 10 years, much of Facebook's operation will likely look similar to what it is right now. But the services available through one of the company's social apps should be far more diverse.