Meta Platforms found using ticker (FB) now have 52 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 466 and 250 with a mean TP of 401.59. Given that the stocks previous close was at 308.71 this now indicates there is a potential upside of 30.1%. There is a 50 day moving average of 331.22 and the 200 moving average now moves to 337.7. The company has a market capitalisation of $834,945m. Company Website: https://investor.fb.com
The potential market cap would be $1,086,151m based on the market concensus.
Meta Platforms develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. It operates in two segments, Family of Apps and Facebook Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way, as well as other services. The Facebook Reality Labs segment provides augmented and virtual reality related consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook and changed its name to Meta Platforms in October 2021. Meta Platforms was founded in 2004 and is headquartered in Menlo Park, California.
