- Meta Platforms delays its AI model Behemoth to enhance functionality, eyeing a launch later this year.
- Average analyst target price suggests a 9.18% upside for Meta Platforms stock.
- GuruFocus' GF Value indicates a potential downside of 17.06% from the current price.
Meta Platforms (META, Financial) has recently announced a postponement in the launch of its cutting-edge AI model, Behemoth. Originally slated for release in April, the company has shifted the timeline to focus on advancing the model’s capabilities, with a revised release window set for fall or beyond. CEO Mark Zuckerberg has highlighted Behemoth's significance in optimizing AI model efficiency. This move underscores Meta's commitment to enhancing its AI technology to meet future demands.
Wall Street Analysts Forecast
In an analysis of Meta Platforms Inc (META, Financial), 60 industry analysts have offered a one-year price target, averaging $702.99. Projections range from a high of $935.00 to a low of $466.00. The average target indicates a projected 9.18% increase from the current price of $643.88, reflecting a positive outlook among analysts. Investors can access more detailed forecast data on the Meta Platforms Inc (META) Forecast page.
Moreover, the consensus from 72 brokerage firms places Meta Platforms Inc's (META, Financial) average brokerage recommendation at 1.8, conveying an "Outperform" status. This recommendation scale ranges from 1, representing a Strong Buy, to 5, denoting a Sell.
According to estimates by GuruFocus, the projected GF Value for Meta Platforms Inc (META, Financial) over the next year stands at $534.02. This estimates a 17.06% decline from the current trading price of $643.88. The GF Value represents GuruFocus’ assessment of the stock's fair trading value, based on its historical trading multiples, past business growth, and future performance forecasts. For a deeper dive into the data, visit the Meta Platforms Inc (META) Summary page.
