- Needham revises its rating on Meta Platforms (META, Financial) from "underperform" to "hold."
- Meta's projected revenue growth is set at 14% by 2025, with expectations to surpass revenue and margin targets.
- Wall Street analysts suggest a moderate upside potential for META stock.
Needham has adjusted its rating on Meta Platforms (NASDAQ: META), upgrading from "underperform" to "hold." This shift comes as analyst Laura Martin highlights ongoing concerns regarding slowing labor productivity, despite an increase in headcount and related expenses. Nevertheless, the firm remains optimistic about Meta's financial future, forecasting a remarkable 14% revenue growth and a 6% increase in EPS by 2025.
Wall Street Analysts Forecast
Delving into Wall Street's expectations, price targets provided by 61 analysts paint an interesting picture for Meta Platforms Inc. The average price target stands at $724.37, with projections ranging from a high of $935.00 to a low of $525.00. This average target indicates a potential upside of 1.51% from the current trading price of $713.57. In-depth forecast details are available on the Meta Platforms Inc (META, Financial) Forecast page.
The consensus recommendation among 71 brokerage firms positions Meta Platforms Inc with an average brokerage recommendation of 1.8, reflecting an "Outperform" status. On this scale, 1 denotes a Strong Buy, while 5 indicates a Sell rating.
GF Value and Future Projections
According to GuruFocus estimates, the projected GF Value for Meta Platforms Inc in one year is estimated at $543.89, which suggests a downside of 23.78% from the current price of $713.57. The GF Value is a critical metric for investors, representing the fair value at which the stock should ideally trade, calculated using historical multiples, past business growth, and future performance predictions. Additional data and insights can be found on the Meta Platforms Inc (META, Financial) Summary page.
