OpenAI, known for its flagship product ChatGPT, is forecasting a substantial increase in revenue over the coming years, with expectations to reach $125 billion by 2029 and $174 billion by 2030. These ambitious projections indicate a shift in revenue sources, with new products and services, such as AI software agents, playing a pivotal role in driving growth.
The company anticipates these agents, designed to perform tasks on behalf of users, alongside innovative monetization strategies for nonpaying users, to significantly enhance its financial performance. This growth trajectory could position OpenAI alongside industry giants like Nvidia (NVDA) and Meta Platforms (META, Financial) in terms of annual sales by the end of the decade.
These developments underscore OpenAI's strategic pivot from relying solely on ChatGPT to leveraging a broader portfolio of AI-driven solutions and services. The company's forward-looking outlook highlights its commitment to expanding beyond its current offerings to sustain long-term growth in the competitive AI market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 62 analysts, the average target price for Meta Platforms Inc (META, Financial) is $712.65 with a high estimate of $935.00 and a low estimate of $260.00. The average target implies an upside of 36.52% from the current price of $522.00. More detailed estimate data can be found on the Meta Platforms Inc (META) Forecast page.
Based on the consensus recommendation from 72 brokerage firms, Meta Platforms Inc's (META, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc (META, Financial) in one year is $489.88, suggesting a downside of 6.15% from the current price of $522. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Meta Platforms Inc (META) Summary page.
