Professional
Added to YB: 2024-03-18
Pitch date: 2023-12-31
META [bullish]
Meta Platforms, Inc.
+85.6%
current return
Author Info
No bio for this author
Company Info
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 and mixed reality headsets, augmented reality, and wearables worldwide.
Market Cap
$1.6T
Pitch Price
$348.88
Price Target
N/A
Dividend
0.33%
EV/EBITDA
16.04
P/E
28.46
EV/Sales
8.61
Sector
Interactive Media and Services
Category
growth
Artisan Value Fund Portfolio Holding: Meta Platforms, Inc.
META: Efficiency focus in '23 drove re-rating from <10x to ~25x FY24 P/E. Growth drivers, FCF generation & net cash support valuation vs mega-cap peers ex-GOOG. Trimmed on less discount to intrinsic value but still reasonably priced for quality growth biz.
Read full article (1 min)