Meta Platforms Inc Class A (META)
Wall Street Analysts Think Meta Platforms (META) Is a Good Investment: Is It?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Meta partners with James Cameron's tech venture to boost mixed reality content
Meta Platforms said on Thursday it has partnered with film director James Cameron's technology venture Lightstorm Vision to enhance the creation of 3D entertainment, including live sports, concerts and TV series, for the Meta Quest.
Meta eases up on issuing strikes for Facebook users and Instagram creators
Days after Meta admitted that it's been over-moderating its content, with mistakes impacting creators, the company announced an expansion of a new policy that will help to keep creators from being penalized after violating Meta's Community Standards when they mess up for the first time. On Thursday, Meta said that the policy, which launched in August for Facebook creators, will now expand across all Facebook profiles and Facebook Pages worldwide, as well as to all creators on Instagram.
UK tribunal green-lights $2.7B Facebook collective action antitrust lawsuit
As Meta faces off with antitrust regulators in the U.S. and Europe, a £2.1 billion+ Facebook U.K. class action-style competition lawsuit, which takes Meta's market dominance as a given, is moving ahead after the social media giant lost a bid to have the litigation thrown out. The suit is seeking damages worth a minimum of some $2.7B at current exchange rates.
Meta Platforms joins growing nuclear power trend in tech sector
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) became the latest tech giant to provide support for the nuclear industry, UBS energy analysts noted. Following Google, Amazon and Microsoft announcements about nuclear power for their data centres, the Instagram and WhatsApp owner said it will release a request for proposals "to identify nuclear energy developers to help us meet our AI innovation and sustainability objectives".
Meta buys credits from four big US solar projects
Meta Platforms Inc announced a deal on Thursday to buy the green credits from four large U.S. solar energy projects that will help the Facebook owner meet its clean electricity goals as its power needs surge.
Meta Platforms (META) Price Prediction and Forecast 2025-2030
Formerly known as Facebook, Meta Platforms Inc. (NASDAQ: META) is now a household name because of the foundational success it experienced in social media. But it has been over a decade since its IPO on May 18, 2012, As the only company in the ‘Magnificent Seven’ that has yet to undergo a stock split, an investor who purchased $1000.00 worth of META stock on the day it went public at $38.00 per share would now be sitting on an investment worth $16171.05, good for a gain of 1517.11%. But since its IPO date, a lot has changed. For starters, on Feb. 1, 2024, the company announced — alongside authorizing a $50 billion stock buyback — that shares of META would begin paying a dividend. And while its current yield of 0.33% may not seem like much, at its current price, that equates to $0.50 per share quarterly, or $2.00 per share annualized. META is the dominant player in the social media landscape but it is now branching out more broadly into tech, and specifically, the artificial intelligence (AI) space. It is the latter that the company is most heavily investing in now, and for that reason, it is also the primary driver of 24/7 Wall Street price predictions and forecasts for 2025-2030. Key Points in This Article: “Meta AI is on track to be the most used AI assistant in the world by the end of the year,” according to CEO Mark Zuckerberg. 24/7 Wall Street projects a 61.92% upside potential for the stock through the end of the decade. If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. The report includes a complete industry map of AI investments that includes many small caps. Recent Meta Stock Updates and News 12/3/2024 Meta’s shares are surging today, hitting a new all-time high. The stock rose above its previous record of $601.20. 11/27/2024 Meta experienced a 1.5% decline today after COO Javier Olivan sold 413 shares at an average price of $562.77. 11/26/2024 Orange S.A. is partnering with OpenAI and Meta to bring AI-powered language models to African languages. The initiative will initially focus on West African languages and aims to launch in the first half of 2025. 11/25/2024 Meta Platforms is scheduled to face trial on April 14th in a long-standing antitrust lawsuit filed by the Federal Trade Commission (FTC) to dismantle the company. U.S. District Judge James Boasberg ruled today that the trial will proceed in Washington next year. 11/22/2024 The U.S. Supreme Court has rejected Meta’s appeal to dismiss a major class-action lawsuit brought by investors. The lawsuit, which seeks billions of dollars in damage, will be allowed to proceed. 11/21/2024 Meta has taken action against over 2 million accounts involved in “pig butchering” scams, which deceive users into investing in non-existent ventures. 11/20/2024 Meta has hired Salesforce’s former AI chief, Clara Shih, to lead its new Business AI group. Shih will focus on making cutting-edge Ai technology accessible to businesses of all sizes at Meta. Analysts at Jeffries are optimistic about this development, viewing it as a major step forward in Meta’s AI monetization strategy. 11/19/2024 Meta is launching a new AI product group to revolutionize customer interactions on its platforms. The new division will focus on creating innovative AI tools like chatbots for Messenger and WhatsApp, to enhance customer experiences and drive business transactions. 11/18/2024 The Competition Commission of India (CCI) has fined Meta a hefty Rs 213.14 crore (US $25.4 million for abusing its dominant position in the market. This fine stems from Meta’s 2021 privacy policy update for WhatsApp, which raised concerns about how user data is collected and shared with other Meta companies. 11/15/2024 Meta’s stock price decreased 2.3% today, trading as low as $562. Meta Platforms’ 10-Year Market Smashing Results Here’s a table summarizing the performance in share price, revenues, and profits (net income) of META stock from 2014 to 2024: Share Price Revenues Net Income 2014 $80.78 $12.466 $2.940 2015 $104.66 $17.928 $3.688 2016 $115.05 $27.638 $10.217 2017 $176.46 $40.653 $15.934 2018 $133.20 $55.838 $22.112 2019 $208.10 $70.697 $18.485 2020 $273.16 $85.965 $29.146 2021 $336.35 $117.929 $39.370 2022 $120.34 $116.609 $23.200 2023 $353.96 $134.902 $39.098 TTM $517.77 $161.579 $55.042 Revenue and net income in %billions Over the past decade, Meta Platforms’ revenue has grown 1,196.16% from $12.466 billion to over $161 billion over its trailing 12 months (TTM), while its net income went from $2.940 billion to over $55 billion TTM during the same period, good for an increase of 1,772.18%. The primary driver of that growth over the past 10 years has been ad space for the company’s social media platforms, which include Facebook, Instagram, Threads, Reel, and WhatsApp, among others. While Meta Platforms has branched out into augmented reality and virtual reality — a business segment it refers to as Reality Labs — 99% of its revenue generation comes from its Family of Apps business segment, as of year-end 2023. But as the company looks to the second half of the decade, Zuckerberg and the company will focus on a few key focus areas that will have a large impact on Meta Platforms’ stock performance. Key Drivers of Meta Platforms’ Stock Performance AI Investment: Founder and CEO, Mark Zuckerberg announced that Meta Platforms “released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we’re driving good growth across our apps.” While the market for Meta’s social media advertising remains healthy and continues to drive the majority of the company’s revenue, it is focusing heavily on AI investments to expand through the end of the decade. Price-per-ad revenue saw a 10% year-over-year gain, and that success will fund its AI spending aimed at future growth. The company said shareholders should expect between $37 billion and $40 billion in capital expenditures this year that will fund a data center capable of powering its AI initiatives. That is likely to continue into next year, with CFO Susan Li stating that the META expects “significant capital expenditure growth in 2025 as we invest to support our artificial intelligence research and product development efforts.” Continued Renewable Energy Development: According to the company’s net zero plan, which it is aiming to achieve by 2030, “Since 2020, Meta’s global operations have been supported by 100% renewable energy. As of 2023, we have 10,000MW of contracted renewable energy across 6 countries.” As part of its net zero plan, Meta Platforms’ reliance on renewable energy will ultimately decrease the cost of its utility expenses, and ultimately, its carbon footprint through contracted and self-employed green technologies. Renewables already cost less than fossil fuel energy sources, and according to Canary Media, “By 2030, technology improvements could slash today’s prices by a quarter for wind and by half for solar.” The company has announced that its goal for its forthcoming data center is that it is 100% sustainable and net zero. Focusing on Growing Free Cash Flow: Zuckerberg coined the 2023 Meta Platforms “year of efficiency,” and their results were staggering. By year-end, the company recorded a record free cash flow of $43 billion. That is up from $21 billion in 2019, marking a nearly 105% increase in its cash position in four years. Meta’s free cash flow TTM stands at $49.74, showing that its focus on its bottom line is driving decisions from the top down and has increasingly strong results. Meta Platforms (META) Stock Price Prediction in 2025 The current consensus one-year price target for Meta Platforms is $597.50, which represents a -2.04% upside potential from today’s share price of $609.95. Of all the analysts covering META stock, it receives a consensus “Buy” rating with a score of 1.5, with 1 being the strongest “Buy” rating and 5 being the strongest “Sell” rating. 24/7 Wall Street’s forecast projects Meta Platforms’ stock price to be $603 by the end of 2025, based on the company’s ability to sustain its strong ad revenue while increasing efficiency, which in turn will drive its bottom line despite capital expenditures increasing toward its AI objectives. Meta Platforms Price Estimates 2025-2030 Year Revenue Net Income EPS 2024 $161.579 $54.960 $21.18 2025 $183.459 $62.250 $24.12 2026 $205.257 $70.680 $27.71 2027 $226.332 $78.258 $30.42 2028 $245.319 $85.912 $32.38 2029 $268.306 $97.044 $36.54 2030 $274.947 $91.227 $39.70 Revenue and net income in $billions How META’s Next 5 Years Could Play Out We estimate the price per share of Meta Platforms to be $692 with revenue jumping over $200 billion for the first time in 2026. EPS expectations are for $27.71 annualized. That stock forecast represents a gain of 12.77% over today’s share price. In 2027 we expect META’s stock price to reach $760 with net income increasing to $78 billion on the back of free cash flow exceeding $60 billion for the first time. That stock price represents a 23.85% increase over today’s share price. 24/7 Wall Street forecasts that META’s share price will reach $809 by the end of 2028, as free cash flow surpasses $70 billion. That price per share represents a 31.83% increase from where the stock is trading today. Then in 2029, we estimate that Meta Platforms will reach $79.262 billion in free cash flow, $97.044 billion in net income and over $268 in revenue resulting in a price per share of $914, or 48.94% upside potential from today’s share price. META’s Price Target for 2030 By the end of the start of the next decade, we forecast that META’s stock price will reach $995.00, or 62.14% higher than it is trading for today, despite estimates that net income will pull back slightly from over $97 billion to over $91 billion. Revenue growth will continue, with an estimated 2.48% year-over-year increase from 2029. Year Price Target % Change From Current Price 2024 $530 -13.63 2025 $603 1.74% 2026 $692 12.77% 2027 $760 23.85% 2028 $809 31.83% 2029 $914 48.94% 2030 $995 62.14% Revenue and net income in $billions “The Next NVIDIA” Could Change Your Life If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over. The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.” Click here to download your FREE copy. The post Meta Platforms (META) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
Nvidia Stock Slips. What Musk, Meta's Huge Data Center Plans Mean for AI Chip Demand.
Nvidia has rallied on growing demand for AI chips to power data centers. Now Elon Musk's xAI and Meta Platforms are unveiling plans for new facilities.
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
The largest artificial intelligence data center ever built by Facebook's parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state.
Turkish antitrust authority ends Meta probe over data-sharing
Turkey's competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram.
Meta to invest $10 billion for Louisiana data center
Facebook-parent Meta said on Wednesday it plans to invest $10 billion to set up an AI data center in Louisiana, in what would be the tech company's largest data center in the world.
Meta Stock Flashing Bull Signal Amid Record Highs
Meta Platforms Inc (NASDAQ:META) stock is sitting out the broader tech rally this afternoon, down 0.3% at $612.06 at last glance, though it earlier hit an all-time high of $617.78.
