Professional
Added to YB: 2024-07-09
Pitch date: 2024-07-08
META [bullish]
Meta Platforms, Inc.
+21.19%
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
$531.57
Price Target
625.00 (-3%)
Dividend
0.32%
EV/EBITDA
16.25
P/E
28.84
EV/Sales
8.72
Sector
Interactive Media and Services
Category
growth
Wells Fargo Optimistic on Meta Platforms (META): Raises Price Target to $625
META: Wells Fargo raises PT to $625. Strong Q2 ads performance expected, Q2 forecast raised to high end despite FX headwinds. Q3 guidance likely positive. CapEx uncertainty remains, but post-Q2 call should boost investor confidence in 2025 revenue and margins.
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