From Nasdaq: 2024-06-06 16:19:32

Meta Platforms Inc. (META), formerly Facebook Inc., owns social media sites like Facebook, Instagram, and WhatsApp. Valued at $1.25 trillion, the stock has seen strong growth, outpacing the S&P 500. Their recent Q1 earnings beat estimates but weaker revenue guidance led to a 10% stock drop. Analysts mostly rate META stock a “Strong Buy.”

Analyst James Lee of Mizuho Securities maintains META as a “Top Pick,” with a price target of $575, implying a 15.7% upside potential. Despite concerns over increased capital expenditure and revenue guidance, Lee believes META can double its spending growth rate without affecting margins. Most analysts agree, with 40 rating the stock a “Strong Buy.”

Overall, the mean price target for META stock is $520.05, suggesting a potential upside of 4.7% from current levels. Lee’s bullish outlook and positive analyst sentiment indicate optimism for Meta Platforms’ future performance, despite recent market fluctuations.



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