- Meta Platforms' recent layoffs reflect efforts to improve efficiency within its Reality Labs division.
- Analysts predict a substantial potential upside for Meta Platforms stock, despite current price fluctuations.
- GuruFocus estimates suggest a possible downturn from the current Meta Platforms valuation.
Meta Platforms Streamlines Its Reality Labs Division
Meta Platforms (NASDAQ: META) has strategically reduced its workforce, cutting over 100 positions in its Reality Labs sector, which focuses on augmented and virtual reality innovations. This recent move primarily affected employees in Oculus Studios, particularly in the app development and hardware teams for Quest headsets. Meta's decision underscores its commitment to boosting operational efficiency amid persistent cost pressures.
Analyst Predictions and Price Targets
According to price targets from 62 seasoned analysts, the forecast for Meta Platforms Inc (META, Financial) presents an average target price of $707.33. Price predictions range from a high of $935.00 to a low of $260.00, offering a prospective upside of 32.67% from the current share price of $533.15. For deeper insights into these projections, visit the Meta Platforms Inc (META) Forecast page.
The consensus among 72 brokerage firms marks Meta Platforms Inc (META, Financial) with an average recommendation of 1.8, placing the stock in the "Outperform" category. This rating is part of a spectrum from 1, indicating a Strong Buy, to 5, designating a Sell recommendation.
Evaluating the GF Value Estimate
GuruFocus offers an estimated GF Value for Meta Platforms Inc (META, Financial), predicting a figure of $489.57 one year from now. This suggests a potential downside of 8.17% compared to the current trading price of $533.15. The GF Value metric represents GuruFocus' calculation of the stock's fair market value, derived from historical trading multiples, past business growth, and future performance estimations. Additional details are accessible on the Meta Platforms Inc (META) Summary page.
