Summary:
- Meta Platforms (META, Financial) challenges an EU fine, disputing the penalty's calculation method.
- Analysts set an average one-year target price of $705.61, indicating a 0.79% potential upside.
- Current brokerage ratings signal an "Outperform" status with a score of 1.8.
Meta Platforms, Inc. (META) faces a contentious regulatory issue in Europe. The tech behemoth is appealing a fine imposed by EU authorities, asserting that the calculation methodology was erroneous. Specifically, Meta argues that the fine, equivalent to 0.05% of its global net income, was improperly based on group revenue instead of subsidiary earnings. The outcome of this legal challenge is expected to be determined by the court sometime next year.
Analyst Price Predictions
In terms of Wall Street's outlook, 61 analysts have set their one-year price targets for Meta Platforms Inc. The average target price stands at $705.61, with predictions ranging from a high of $935.00 to a low of $466.00. This average target suggests a modest potential upside of 0.79% from the current stock price of $700.11. For more in-depth estimate data, investors can explore the Meta Platforms Inc (META, Financial) Forecast page.
Brokerage Recommendations and Ratings
The consensus from 72 brokerage firms places Meta Platforms Inc. in an "Outperform" category, with an average recommendation score of 1.8. It's important to note that this rating falls within a scale that rates 1 as a Strong Buy and 5 as a Sell, positioning Meta favorably in investor sentiment.
GuruFocus Valuation Insights
According to estimates from GuruFocus, the projected GF Value for Meta Platforms Inc. in one year is $537.29. This valuation indicates a potential downside of 23.26% from the current market price of $700.11. The GF Value is GuruFocus's calculated fair value, derived from the stock's historical trading multiples, past business growth, and anticipated future performance. Investors looking for more detailed insights should visit the Meta Platforms Inc (META, Financial) Summary page.
