Should you buy meta platforms stock?

According to 41 stock analysts, the average 12-month stock price forecast for Meta Platforms stock is $270.07, which predicts a decrease of -6.46%. The lowest target is 110 and the highest is 350. On average, analysts rate Meta Platforms stock as abuy. The average analyst rating for Meta Platforms stock from 45 stock analysts is "Buy".

Will Meta's price rise from $296 to $900 billion?

That implies 18% upside from Meta’s current $296 share price, indicating Meta’s valuation could soar from $755 billion to over $900 billion. KeyBanc Capital Markets analyst Justin Patterson upgraded his price target for Meta from $280 to $335 in a Wednesday note despite calling Threads an “immaterial contributor” to the company’s broader outlook.

How did meta platforms perform in the first quarter of 2023?

In the first quarter of 2023, Meta Platforms' revenue edged up 3% year over year to $28.6 billion. Revenue growth was driven by a 26% increase in ad impressions across the company's family of apps, offset by a 17% decline in the average price per ad. EPS, however, dropped 19% year over year to $2.20.

Will Meta platforms be a Metaverse company in the next 5 years?

Meta Platforms won’t just be a metaverse company during the next five years, though. It will also be a major player in the market for products and services with machine learning connections. I agree with Wolfe Research analyst Deepak Mathivanan’s assessment of Meta Platforms’ future prospects with generative AI.