- Meta invests $14.3 billion in Scale, securing a strategic stake in AI development.
- Analysts project a modest 2.09% upside for Meta's stock, with a target price of $707.86.
- Meta's stock enjoys an "Outperform" rating from brokerage firms, maintaining investor confidence.
Meta (META, Financial) has recently taken a significant step to strengthen its position in the rapidly evolving artificial intelligence domain. The company has invested a substantial $14.3 billion to acquire a 49% stake in AI firm Scale. This strategic investment is designed to amplify Meta's AI capabilities, further solidifying its role as a tech leader. Notably, Scale's CEO, Alexandr Wang, will join Meta to spearhead its superintelligence team, while Scale will remain autonomous under the leadership of interim CEO Jason Droege.
Wall Street Analysts' Forecast
In the realm of Wall Street projections, Meta Platforms Inc (META, Financial) is garnering significant attention. According to 61 analysts' one-year price targets, the average target for Meta is set at $707.86. Within this spectrum, forecasts range from a high of $935.00 to a low of $466.00. This average target suggests a potential upside of 2.09% from the current stock price of $693.36. Investors seeking more detailed insights can visit the Meta Platforms Inc (META) Forecast page.
Brokerage Recommendations
In terms of brokerage firm recommendations, Meta Platforms Inc (META, Financial) shines brightly with an average recommendation score of 1.8, according to data from 72 firms. This score positions Meta as "Outperform" on the rating scale, which ranges from 1 (Strong Buy) to 5 (Sell), reflecting a robust investor sentiment.
GF Value Estimate
Turning to the GuruFocus platform, the estimated GF Value of Meta Platforms Inc (META, Financial) in one year is $537.38. This estimate suggests a potential downside of 22.5% from its current trading price of $693.36. The GF Value represents an estimate of the stock’s fair trading value, formulated based on historical trading multiples, past business growth, and anticipated future performance. More comprehensive data is available on the Meta Platforms Inc (META) Summary page.
