From Nasdaq:

Meta Platforms stock has rallied 290% since the start of 2023 and is currently trading at $470 per share, 3% below its fair value. The company exceeded Q4 2023 estimates, with revenues growing 25% y-o-y to $40.1 billion and net income jumping over 200% to $14 billion.

Amid a volatile financial backdrop, Meta Platforms stock has seen inconsistent returns, underperforming the S&P 500 in 2021 and 2022. However, with 70% gains from January 2021, the company faces uncertainty in the coming months. The High Quality Portfolio of 30 handpicked stocks has consistently outperformed the S&P 500 each year.

In FY2023, Meta Platforms recorded a 16% increase in advertising revenue, driving the top line to $134.9 billion. Net income rose 69% y-o-y to $39.1 billion. Optimistic predictions for FY2024 estimate gross revenue at $157.6 billion, with steady net income, GAAP EPS, and a P/E multiple of 25x, leading to a valuation of $485.

Investing with Trefis’ Market-Beating Portfolios allowed for substantial returns: 39% cumulative returns for the High Quality Portfolio of 30 Stocks, far outperforming the 30% gains of the S&P 500 since 2016.



Read more: Up 290% Since The Start Of 2023, Where Is Meta Platforms Stock Headed?