Key Highlights:
- Meta Platforms Inc (META, Financial) accelerates its AI capabilities by recruiting researchers from OpenAI.
- Wall Street analysts present a mixed outlook on META's stock price with varied target estimates.
- GuruFocus suggests a significant downside from META's current stock price based on GF Value calculations.
Meta Platforms (META) is strategically bolstering its artificial intelligence division by integrating four new researchers from OpenAI. This strategic hiring follows earlier recruitments from OpenAI's Zurich offices, reflecting Meta's CEO Mark Zuckerberg's intensified commitment to AI and superintelligence development.
Wall Street Analysts' Projections
According to projections from 61 analysts, the average one-year price target for Meta Platforms Inc (META, Financial) sits at $721.00. Analysts' targets range from a high of $935.00 to a low of $466.00, indicating a potential downside of 1.72% from the current share price of $733.63. For a more detailed breakdown of these estimates, visit the Meta Platforms Inc (META) Forecast page.
The consensus among 71 brokerage firms places Meta Platforms Inc's (META, Financial) average brokerage recommendation at 1.8, which signifies an "Outperform" status. On the rating scale, 1 implies a Strong Buy, whereas 5 suggests a Sell.
GuruFocus GF Value Estimation
Leveraging GuruFocus estimates, the projected GF Value for Meta Platforms Inc (META, Financial) over the next year is estimated at $537.83. This estimation suggests a potential downside of 26.69% compared to the current stock price of $733.63. The GF Value represents GuruFocus' calculation of a stock's fair trading value, derived from historical trading multiples, historical business growth, and future business performance estimates. For further insights, explore the Meta Platforms Inc (META) Summary page.
