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Meta Platforms (META) Stock Forecast & Price Target

Meta Platforms logo
$589.34 -2.36 (-0.40%)
(As of 11/8/2024 ET)

Meta Platforms - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
4
Buy
37

Based on 43 Wall Street analysts who have issued ratings for Meta Platforms in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 43 analysts, 2 have given a sell rating, 4 have given a hold rating, 35 have given a buy rating, and 2 have given a strong buy rating for META.

Consensus Price Target

$634.10
7.59% Upside
According to the 43 analysts' twelve-month price targets for Meta Platforms, the average price target is $634.10. The highest price target for META is $811.00, while the lowest price target for META is $360.00. The average price target represents a forecasted upside of 7.59% from the current price of $589.34.
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META Analyst Ratings Over Time

TypeCurrent Forecast
11/9/23 to 11/8/24
1 Month Ago
10/10/23 to 10/9/24
3 Months Ago
8/11/23 to 8/10/24
1 Year Ago
11/9/22 to 11/9/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
35 Buy rating(s)
35 Buy rating(s)
33 Buy rating(s)
43 Buy rating(s)
Hold
4 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$634.10$605.33$572.51$346.65
Forecasted Upside7.59% Upside2.51% Upside10.57% Upside8.14% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

META Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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META Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Meta Platforms Stock vs. The Competition

TypeMeta PlatformsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.86
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside7.59% Upside619.41% Upside7.28% Upside
News Sentiment Rating
Positive News

See Recent META News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$652.00 ➝ $641.00+12.22%
10/31/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$645.00 ➝ $705.00+24.21%
10/31/2024JMP Securities
2 of 5 stars
 Boost TargetMarket Outperform ➝ Market Outperform$635.00 ➝ $660.00+15.82%
10/31/2024UBS Group
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 Boost TargetBuy ➝ Buy$690.00 ➝ $719.00+26.18%
10/31/2024Roth Mkm
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 Boost TargetBuy ➝ Buy$620.00 ➝ $635.00+12.38%
10/31/2024Susquehanna
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 Boost TargetPositive ➝ Positive$600.00 ➝ $675.00+19.46%
10/31/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$640.00 ➝ $660.00+14.63%
10/31/2024Scotiabank
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N. Schindler
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Lower TargetSector Perform ➝ Sector Perform$585.00 ➝ $583.00+1.26%
10/31/2024Barclays
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 Boost TargetOverweight ➝ Overweight$550.00 ➝ $630.00+9.42%
10/31/2024Mizuho
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 Boost TargetOutperform ➝ Outperform$650.00 ➝ $675.00+16.73%
10/31/2024Needham & Company LLC
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 Reiterated RatingUnderperform
10/31/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$575.00 ➝ $650.00+11.47%
10/31/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$525.00 ➝ $530.00-9.11%
10/31/2024Bank of America
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 Boost TargetBuy ➝ Buy$630.00 ➝ $660.00+13.19%
10/31/2024Monness Crespi & Hardt
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B. White
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Boost TargetBuy$620.00 ➝ $660.00+11.52%
10/31/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$811.00 ➝ $811.00+37.04%
10/31/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$605.00 ➝ $630.00+6.45%
10/31/2024Pivotal Research
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J. Wlodarczak
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Boost TargetBuy$780.00 ➝ $800.00+35.18%
10/25/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$600.00 ➝ $675.00+18.88%
10/24/2024Hsbc Global Res
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N. Cote-Colisson
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UpgradeHold
10/22/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$600.00 ➝ $675.00+18.09%
10/17/2024TD Cowen
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 Boost TargetBuy ➝ Buy$600.00 ➝ $675.00+16.42%
10/16/2024Cantor Fitzgerald
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D. Mathivanan
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Reiterated RatingOverweight ➝ Overweight$670.00 ➝ $670.00+16.40%
10/14/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$555.00 ➝ $636.00+6.86%
10/14/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$590.00 ➝ $663.00+12.04%
10/10/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$600.00 ➝ $650.00+10.07%
10/10/2024Truist Financial
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 Boost TargetBuy ➝ Buy$570.00 ➝ $650.00+10.07%
10/9/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$560.00 ➝ $655.00+11.40%
10/7/2024Guggenheim
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 Boost TargetBuy ➝ Buy$600.00 ➝ $665.00+12.49%
9/26/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$600.00 ➝ $600.00+5.58%
9/10/2024DA Davidson
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G. Luria
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Initiated CoverageBuy$600.00+18.86%
8/16/2024Tigress Financial
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 Boost TargetStrong-Buy ➝ Strong-Buy$575.00 ➝ $645.00+21.92%
8/6/2024Loop Capital
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 Boost TargetBuy ➝ Buy$550.00 ➝ $575.00+17.09%
8/1/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$525.00 ➝ $585.00+18.26%
8/1/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$570.00 ➝ $570.00+13.26%
8/1/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$550.00 ➝ $600.00+15.83%
8/1/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$525.00 ➝ $615.00+29.52%
8/1/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$550.00 ➝ $575.00+21.10%
7/25/2024Benchmark
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 Reiterated RatingHold
7/16/2024Wolfe Research
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S. Khajuria
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Initiated CoverageOutperform$620.00+24.96%
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7/10/2024TD Securities
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 Boost Target$530.00 ➝ $600.00+11.77%
5/2/2024BNP Paribas
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 Initiated CoverageUnderperform$360.00-18.03%
4/25/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$610.00 ➝ $575.00+16.51%
8/28/2023CICC Research
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 Initiated CoverageOutperform
8/1/2023Argus
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 Boost TargetBuy ➝ Buy$353.00 ➝ $375.00+17.70%
7/28/2023China Renaissance
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 UpgradeHold ➝ Buy$380.00+21.91%
7/27/2023HSBC
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 UpgradeReduce ➝ Hold$285.00-11.15%
7/27/2023Credit Suisse Group
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 Boost Target$361.00 ➝ $407.00+36.32%
7/25/2023New Street Research
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 UpgradeNeutral ➝ Buy$350.00+20.02%
6/26/202392 Resources
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 Reiterated RatingMaintains
4/27/2023Huber Research
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 UpgradeNeutral ➝ Overweight
4/11/2023OTR Global
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 UpgradeMixed ➝ Positive
3/20/2023Edward Jones
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 UpgradeHold ➝ Buy
3/6/2023Arete Research
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 Reiterated RatingNeutral ➝ Sell
2/3/2023DZ Bank
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 UpgradeSell ➝ Hold$180.00-4.65%
2/2/2023Roth Capital
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R. Kulkarni
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Boost TargetBuy$125.00 ➝ $210.00+10.73%
2/2/2023SVB Securities
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 Boost TargetOutperform$220.00 ➝ $255.00+34.46%
2/2/2023Cowen
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John Blackledge
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Boost TargetMarket Perform$135.00 ➝ $175.00+14.29%
1/20/2023MKM Partners
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Rohit Kulkarni
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Boost TargetBuy$140.00 ➝ $155.00+13.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:13 PM ET.


Should I Buy Meta Platforms Stock? META Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 27, 2024. Please send any questions or comments about these Meta Platforms pros and cons to contact@marketbeat.com.

Meta Platforms
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Meta:

  • Meta removed fake accounts in Moldova ahead of the presidential election, showing commitment to maintaining integrity and compliance with policies.
  • Recent increase in short interest could indicate potential market interest and volatility, offering trading opportunities.
  • Meta's actions to address fake accounts demonstrate a proactive approach to maintaining user trust and platform credibility.
  • With a short-interest ratio of 0.0 days, there may be potential for short squeezes that could drive the stock price higher.
  • Meta's average daily volume of 13,417,492 shares provides liquidity for investors looking to enter or exit positions easily.

Meta Platforms
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Meta for these reasons:

  • Short interest totalling 0 shares could indicate lack of market confidence or potential for sudden price drops.
  • Market volatility associated with short interest increases may pose risks for investors seeking stable returns.
  • Uncertainty surrounding the impact of removing fake accounts on user engagement and platform growth could affect long-term investor sentiment.
  • Investors should carefully monitor any regulatory scrutiny or legal challenges related to Meta's account removal practices.
  • Consider the potential impact of negative publicity or controversies on Meta's brand reputation and user trust, which could influence stock performance.

META Forecast - Frequently Asked Questions

According to the research reports of 43 Wall Street equities research analysts, the average twelve-month stock price forecast for Meta Platforms is $634.10, with a high forecast of $811.00 and a low forecast of $360.00.

43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 2 sell ratings, 4 hold ratings, 35 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" META shares.

According to analysts, Meta Platforms's stock has a predicted upside of 7.59% based on their 12-month stock forecasts.

Over the previous 90 days, Meta Platforms's stock had 1 upgrade by analysts.

Analysts like Meta Platforms more than other "computer and technology" companies. The consensus rating score for Meta Platforms is 2.86 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how META compares to other companies.


This page (NASDAQ:META) was last updated on 11/8/2024 by MarketBeat.com Staff
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