Key Highlights:
- Meta Platforms, Inc. (NASDAQ: META) reports a robust 21% revenue increase in Q4 2024.
- Wall Street analysts project an average price target indicating significant upside potential.
- Despite challenges, Meta's strategic focus on AI and metaverse expansion shows promise.
Meta Platforms, Inc. (META, Financial) impressed the market with its Q4 2024 earnings report, unveiling a remarkable 21% surge in revenue, reaching $48.4 billion. The company reported a net income of $20.8 billion, translating to $8.02 per share, exceeding market expectations. Notably, even with a $5 billion loss from Reality Labs, Meta managed to achieve a free cash flow of $13.2 billion, reflecting its strategic prowess in managing cash and resources. This ongoing commitment to advancements in artificial intelligence and the metaverse continues to capture investor interest, underscoring Meta's long-term growth potential.
Wall Street Analysts Forecast
According to the analysis of 61 Wall Street experts, Meta Platforms Inc (META, Financial) is projected to achieve a one-year average target price of $720.89. The forecasts present a high estimate of $935.00 and a low of $260.00. This average target suggests a promising 43.75% upside potential from the current trading price of $501.48. To explore more detailed estimate data, visit the Meta Platforms Inc (META) Forecast page.
Furthermore, the consensus recommendation from 71 brokerage firms positions Meta Platforms Inc (META, Financial) at an average rating of 1.8, which signals an "Outperform" status. The rating scale used ranges from 1 (Strong Buy) to 5 (Sell), indicating positive market sentiment towards the stock's future performance.
In terms of valuation, GuruFocus estimates the GF Value for Meta Platforms Inc (META, Financial) to be $490.21 in one year. This estimation indicates a slight downside of 2.25% from the current price of $501.48. The GF Value is a forward-looking measure derived from historical trading multiples, alongside past business growth and future performance forecasts. For a more comprehensive analysis, refer to the Meta Platforms Inc (META) Summary page.
