Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California
AI-Driven Growth | Meta's strategic focus on AI fuels impressive financial performance, with revenue growth of 23% year-over-year and operating income of $14.8 billion in Q2 2024 |
Monetization Potential | Explore Meta's efforts to monetize emerging platforms like WhatsApp and Threads, presenting significant opportunities for future revenue diversification |
Analyst Optimism | Learn about the bullish outlook for Meta, with analyst price targets ranging from $550 to $660, reflecting confidence in the company's growth trajectory |
Navigating Challenges | Delve into Meta's strategies for addressing regulatory scrutiny, privacy concerns, and intense competition in the evolving digital landscape |
Metrics to compare | META | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipMETAPeersSector | |
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P/E Ratio | 26.6x | −3.4x | 5.5x | |
PEG Ratio | 0.30 | 0.00 | 0.01 | |
Price/Book | 9.0x | 1.3x | 1.8x | |
Price / LTM Sales | 9.5x | 1.5x | 1.4x | |
Upside (Analyst Target) | 11.5% | 10.9% | 23.9% | |
Fair Value Upside | Unlock | 29.3% | 13.6% | Unlock |