Facebook was founded in 2004 by three Harvard University students Mark Zuckerberg, Dustin Moskovitz, and Eduardo Saverin. Initially, only Harvard students could use Facebook to connect with other people. Today we will discuss Meta Stock Price Prediction 2024.
Meta platforms were earlier known as Facebook and TheFacebook. The company is based in Menlo Park, California. Meta Platforms is an American multinational technology conglomerate whose products other than Facebook include Instagram, Threads, and WhatsApp.
Meta is one of the ten largest valued publicly traded companies in the United States. Meta is considered one of the Big Five American information technology companies, along with Google, Amazon, Apple, and Microsoft.
Meta holds a 9.99% stake in Jio Platforms. Most of the company’s revenue comes from advertising, which accounted for 97.5 percent of Meta’s total revenue in 2022.
On October 28, 2021, Facebook changed its name to Facebook, Inc. on “Creating the Metaverse”. Changed from Meta Platforms, Inc. done. According to Meta, the term “metaverse” refers to the integrated environment that links all of a company’s products and services.
Facebook launched its IPO on January 1, 2012. At the time Facebook had 845 million monthly active users, and the website was receiving 2.7 billion likes and comments per day.
Facebook has become a major player in the world of social media in the last few years, after buying big companies like Instagram and WhatsApp.
Business Model of Meta:
Meta Platforms’ core business is selling advertising to publishers on social media websites and mobile applications. Advertising sales are Meta’s primary source of revenue.
Meta has a huge number of users due to which all types of advertisers big and small find Meta as a prime opportunity to present their advertisement in front of the audience and for this Meta charges some fee from the advertisers.
Fundamentals of Meta:
Meta Financial History:
Good growth is being seen in the revenue of the company year after year. In the last three years, the company’s revenue has increased from $ 68 billion to $ 116.608 billion.
In the year 2020, its sales were $ 85.9 billion and net income was $ 29.1 billion. Meta Platforms By 2021, the market capitalization was over $1 trillion. Its user base continues to grow, with over 3.5 billion monthly active users across all its platforms.
The company is currently working on its Meteor projects, the company is expected to make good profits from Meteor projects in the future.
In 2013, the stock price continued to rise, with the company’s stock reaching $54 by January 2014. In July 2018, the price per share reached nearly $218.
After that, the company was accused of a data privacy scam, which caused a huge drop in the stock price, which fell to $123 per share in December 2018. The stock price improved in 2019, and by July the stock price had reached $224 per share.
The stock price declined in the year 2020 due to the COVID-19 pandemic but bounced back very quickly thereafter and the stock price reached an all-time high of $304 per share in August 2021.
Financial Year 2022-23 Highlights:
- Meta Platforms’ equity has increased by 7% from the previous quarter and by 7% YoY
- The revenue has grown by 2.7% from the previous quarter
- The net income has contracted by 33% YoY but it has grown by 5% from the previous quarter
- The EPS has declined by 29% year-on-year but it has grown by 7% since the previous quarter
- The debt has soared by 125% YoY and by 31% from the previous quarter
- The P/E is 54% above the last 4 quarters average of 21.5 and 38% above the 5-year quarterly average of 24.0
Meta Stock Live Chart:
Meta Company Strengths:
- The earnings per share (EPS) of the company is expected to grow significantly over the next few years.
- The company’s EBITDA/sales ratio is relatively high, and this results in high margins before depreciation, amortization, and taxes.
- Due to its strong financial position, the company has significant investment opportunities.
- The difference between current prices and the average target price is significant and indicates significant appreciation potential for the stock.
- In the last four months, the average price target has improved substantially.
- Analyst opinion has improved significantly in the last four months.
- Historically, the company has been releasing figures that are above expectations.
Meta Company Limitations:
- Based on its tangible assets, the company’s valuation appears to be relatively high.
Meta Stock Price Prediction 2024:
The company’s business model is based on futuristic technology, due to which market experts believe that Meta’s share price will continue to rise in 2024 as well. Meta’s share price is expected to be between $325.65- $350.75.
Meta Stock Price Prediction 2025:
Facebook stock has been showing a good rally again for some time now. But a technical analysis of the stock’s charts shows that the stock is still trading well below its all-time high of $380.
The stock market expert believes that, if the share price continues to rise in the same way, in the year 2025, META’s share price may reach between $350.45-$400.89.
Meta Stock Price Prediction 2030:
Meta continues to grow as a dynamic company, if this growth continues, Meta will become a huge company by 2030. By the year 2030, Metaverse will have produced several real products, and platforms such as Facebook and other brands within the Meta group will have benefited greatly.
Keeping all these things in mind, market experts believe that by the year 2023, Meta’s stock price can be between $680.25 – $710.54.
Meta Stock Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2050:
We all know that Facebook company has been one of the most successful companies of the technological era. Mark Zuckerberg has surprised many by taking the company to a height in just 18 years.
Meta is going to do something that is a bit hard to imagine in the coming years. Meta hopes to see more improvements in the coming years. Due to this market experts say that investing in Meta can give good returns.
| Year | Low | High |
| 2023 | $ 250.41 | $ 300.25 |
| 2024 | $ 325.65 | $ 350.75 |
| 2025 | $ 350.45 | $ 400.89 |
| 2026 | $ 450.58 | $ 485.26 |
| 2027 | $ 500.65 | $ 540.54 |
| 2028 | $ 550.68 | $ 590.29 |
| 2029 | $ 600.85 | $ 650.85 |
| 2030 | $ 680.25 | $ 710.54 |
| 2035 | $ 900.52 | $ 1000.54 |
| 2040 | $ 1400.85 | $ 1700.52 |
| 2045 | $ 2000.35 | $ 2100.55 |
| 2050 | $ 2400.84 | $ 2800.65 |
Meta Stock Price Prediction YouTube Video:
In the End:
Before investing in the stock of any company it should be remembered that prediction is never a sure thing. So, invest only after doing your research. Meta has become a very big company in the field of social media. Looking at the present business, it seems that the future of the company is bright. Meta’s stock has shown steady growth over the past few years, making it a good long-term investment for investors. If Meta’s products continue to attract customers and investors, Meta stock could see significant growth in value in the future.
FAQs:
Is Meta a Long-Term Buy?
META has a strong long-term “buy and hold” opportunity, as evidenced by its performance over the past few years.
Is Meta a Strong Buy?
Meta Platforms has a consensus rating of Strong Buy. This proves that Meta is a strong buy.
Is Meta undervalued?
Given the current price of $275.85 per share and a market cap of $709.80 billion, Meta Platforms’ valuation is estimated to be marginally undervalued.
Is Meta a stable stock?
The meta has been performing well for the past few years, with the weekly volatility of the meta being up to 4% over the past year. So, it would be fair to say that Meta is a stable stock.
Is it smart to invest in Meta?
Meta’s financial health and growth prospects earn it an A growth score. Which infers that Meta would be a good stock for investors.
Does Warren Buffett Invest in Meta?
Given the difficulty of estimating the company’s future earnings, Buffett hasn’t bought Meta yet.
Disclaimer:
- Please note that the content of this article is not financial or investment advice. The information provided in this article is solely the opinion of the author and should not be construed as trading or investment recommendations. We do not make any guarantees about its completeness, reliability, and accuracy. This text is created by the Stock Sharks News Team.
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