Fintel reports that on January 30, 2025, Benchmark upgraded their outlook for Meta Platforms (NasdaqGS:META) from Hold to Buy.
Analyst Price Forecast Suggests 1.36% Downside
As of January 28, 2025, the average one-year price target for Meta Platforms is $677.65/share. The forecasts range from a low of $262.60 to a high of $851.55. The average price target represents a decrease of 1.36% from its latest reported closing price of $686.99 / share.
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The projected annual revenue for Meta Platforms is 142,851MM, a decrease of 13.16%. The projected annual non-GAAP EPS is 11.16.
What is the Fund Sentiment?
There are 6,195 funds or institutions reporting positions in Meta Platforms. This is an increase of 172 owner(s) or 2.86% in the last quarter. Average portfolio weight of all funds dedicated to META is -20.22%, an increase of 1,256.23%. Total shares owned by institutions increased in the last three months by 0.39% to 1,949,698K shares. 
The put/call ratio of META is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 69,251K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 69,230K shares , representing an increase of 0.03%. The firm increased its portfolio allocation in META by 6.67% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 57,219K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 56,245K shares , representing an increase of 1.70%. The firm increased its portfolio allocation in META by 6.29% over the last quarter.
Jpmorgan Chase holds 52,256K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 52,277K shares , representing a decrease of 0.04%. The firm increased its portfolio allocation in META by 5.17% over the last quarter.
Geode Capital Management holds 48,161K shares representing 2.21% ownership of the company. In its prior filing, the firm reported owning 47,462K shares , representing an increase of 1.45%. The firm increased its portfolio allocation in META by 6.22% over the last quarter.
Price T Rowe Associates holds 41,268K shares representing 1.89% ownership of the company. In its prior filing, the firm reported owning 41,709K shares , representing a decrease of 1.07%. The firm increased its portfolio allocation in META by 8.08% over the last quarter.
Meta Platforms Background Information
(This description is provided by the company.)
Facebook's mission is to give people the power to build community and bring the world closer together. The company builds useful and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. Facebook also helps people discover and learn about what is going on in the world around them, enable people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing its products, including: Facebook enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers. There are a number of different ways to engage with people on Facebook and build community, including Facebook News Feed, Stories, Groups, Shops, Marketplace, News, and Watch. Instagram brings people closer to the people and things they love. It is a place where people can express themselves through photos, videos, and private messaging, and connect with and shop from their favorite businesses and creators. They can do this through Instagram Feed, Stories, Reels, IGTV, Live, Shops, and messaging. Messenger is a simple yet powerful messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, video, and Rooms. WhatsApp is a simple, reliable, and secure messaging application that is used by people and businesses around the world to communicate and transact in a private way. Facebook Reality Labs' augmented and virtual reality products help people feel connected, anytime, anywhere. Oculus Quest lets people defy distance with cutting-edge virtual reality (VR) hardware, software, and content, while Portal helps friends and families stay connected and share the moments that matter in meaningful ways. Facebook generates substantially all of its revenue from selling advertising placements to marketers. Its ads enable marketers to reach people based on a variety of factors including age, gender, location, interests, and behaviors. Marketers purchase ads that can appear in multiple places including on Facebook, Instagram, Messenger, and third-party applications and websites. Founded in 2004 by Mark Zuckerberg, the company is headquartered in Menlo Park, CA.
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