Where Will Meta Platforms Stock Be in 1 Year?
Meta Platforms' (NASDAQ: META) stock soared 15% during after-hours trading on Feb. 1 in response to its fourth-quarter earnings report. The social media giant's revenue rose 25% year over year to $40.1 billion and exceeded analysts' estimates by $940 million. Its earnings per share (EPS) jumped 203% to $5.33 and cleared the consensus forecast by $0.39.
To top it all off, Meta initiated its first-ever quarterly dividend of $0.50 per share -- which translates into a forward yield of about 0.4% -- while increasing its stock buyback authorization by $50 billion. Those are all bullish signals, but Meta's shares have already rallied more than 140% over the past 12 months and are currently trading near their all-time high.
Should investors expect Meta's stock to climb even higher through the end of 2024?
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.27% compared to the current price of 430.05 € for Meta Platforms Inc..
