Throughout the last three months, 35 analysts have evaluated Meta Platforms META, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 15 | 19 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 12 | 18 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $578.66, a high estimate of $647.00, and a low estimate of $450.00. Marking an increase of 7.15%, the current average surpasses the previous average price target of $540.06.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Meta Platforms among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ivan Feinseth | Tigress Financial | Raises | Strong Buy | $645.00 | $575.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $575.00 | $550.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $550.00 | $525.00 |
| Michael Morris | Guggenheim | Raises | Buy | $600.00 | $500.00 |
| Benjamin Black | Deutsche Bank | Raises | Buy | $585.00 | $525.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $560.00 | $540.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $550.00 | $510.00 |
| Ross Sandler | Barclays | Raises | Overweight | $550.00 | $520.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $570.00 | $570.00 |
| Mark Kelley | Stifel | Raises | Buy | $590.00 | $550.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $570.00 | $535.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $600.00 | $550.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $610.00 | $480.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $600.00 | $550.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $647.00 | $625.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $635.00 | $630.00 |
| Colin Sebastian | Baird | Raises | Outperform | $530.00 | $500.00 |
| Ronald Josey | Citigroup | Raises | Buy | $580.00 | $550.00 |
| Brent Thill | Jefferies | Raises | Buy | $600.00 | $565.00 |
| Barton Crockett | Rosenblatt | Raises | Buy | $643.00 | $562.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $575.00 | $545.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $575.00 | $550.00 |
| Justin Post | B of A Securities | Raises | Buy | $563.00 | $550.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $615.00 | $525.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $555.00 | $522.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $525.00 | $525.00 |
| Scott Devitt | Wedbush | Maintains | Outperform | $570.00 | $570.00 |
| Mark Shmulik | Bernstein | Raises | Outperform | $575.00 | $565.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $525.00 | $500.00 |
| Shweta Khajuria | Wolfe Research | Announces | Outperform | $620.00 | - |
| John Blackledge | TD Cowen | Raises | Buy | $600.00 | $530.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $625.00 | $593.00 |
| Rob Sanderson | Loop Capital | Maintains | Buy | $550.00 | $550.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $540.00 | $475.00 |
| Brian Pitz | BMO Capital | Maintains | Market Perform | $450.00 | $450.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Meta Platforms. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Meta Platforms compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Meta Platforms's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Meta Platforms's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Meta Platforms analyst ratings.
Unveiling the Story Behind Meta Platforms
Meta is the world's largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the US and Canada and over 20% from Europe.
Unraveling the Financial Story of Meta Platforms
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Meta Platforms's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 22.1%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Meta Platforms's net margin is impressive, surpassing industry averages. With a net margin of 34.46%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Meta Platforms's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 8.79%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Meta Platforms's ROA excels beyond industry benchmarks, reaching 5.94%. This signifies efficient management of assets and strong financial health.
Debt Management: Meta Platforms's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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