Analyst sets $750 price target for Meta Platforms stock due to growth potential

From Nasdaq: 2025-01-05 07:00:00

Shares of Meta Platforms (NASDAQ: META) have surged almost 400% in the last two years, trading at a reasonable 23 times this year’s earnings estimate, with a price target of $750 set by JMP Securities analyst Andrew Boone. The company spent $30 billion on capital expenditures, focusing on AI and Reality Labs. Boone believes AI tools and Ray-Ban smart glasses will drive growth, despite potential margin pressures from increased infrastructure spending.

Meta Platforms offers value at 23.5 times 2025 earnings estimates and is expected to deliver double-digit earnings growth in the long term. Analysts predict a 14% earnings growth for 2025, down from 21% in 2024. With a potential target price of $750 in the next few years, the stock presents a second chance for investors to capitalize on a lucrative opportunity.

Former Facebook director Randi Zuckerberg, sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Meta Platforms, emphasizing the company’s growth potential and long-term value for investors.



Read more at Nasdaq: 1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $750. Is It a Buy?