The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Based in Menlo Park, California, Meta Platforms, Inc. functions as an American multinational tech entity. Several leading social media platforms and communication services, such as Facebook, Instagram, Threads, Messenger, and WhatsApp, fall under Meta’s ownership and operation. The firm also manages an advertising network for its own domains and external partners; as of 2023, advertising constituted 97.8% of its total revenue.
Originally founded in 2004 as TheFacebook, Inc., the company underwent a renaming to Facebook, Inc. in 2005. Its rebranding to Meta Platforms, Inc. in 2021 signaled a strategic pivot toward the metaverse—an interconnected digital ecosystem integrating virtual and augmented reality technologies.
Recognized as one of the Big Five U.S. tech giants alongside Alphabet, Amazon, Apple, and Microsoft, Meta secured the 31st rank on the 2023 Forbes Global 2000. As of 2022, it stood as the world’s third-largest investor in research and development, with R&D expenditures totaling US$35.3 billion.
The company's current financial score is 8.10, which is higher than the Software & IT Services industry's average of 7.31. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 47.52B, representing a year-over-year increase of 21.61%, while its net profit experienced a year-over-year increase of 36.18%.
Key Metrics
The company’s current valuation score is 8.15, which is higher than the Software & IT Services industry's average of 7.21. Its current P/E ratio is 24.91, which is 50.90% below the recent high of 37.59 and 66.26% above the recent low of 8.41.
The company’s current earnings forecast score is 8.35, which is higher than the Software & IT Services industry's average of 7.59. The average price target for Meta Platforms Inc is 871.00, with a high of 1086.00 and a low of 605.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.88, which is higher than the Software & IT Services industry's average of 6.34. Sideways: Currently, the stock price is trading between the resistance level at 767.23 and the support level at 666.94, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is higher than the Software & IT Services industry's average of 5.78. The latest institutional shareholding proportion is 79.77%, representing a quarter-over-quarter decrease of 0.18%. The largest institutional shareholder is The Vanguard, holding a total of 191.61M shares, representing 8.83% of shares outstanding, with 1.23% increase in holdings.
The company’s current risk assessment score is 8.61, which is higher than the Software & IT Services industry's average of 5.03. The company's beta value is 1.21. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
