Meta Platforms (NASDAQ:META) Price Target Lowered to $883.00 at Rosenblatt Securities

Meta Platforms (NASDAQ:META) had its target price decreased by stock analysts at Rosenblatt Securities from $1,015.00 to $883.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the social networking company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 50.78% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Arete Research set a $735.00 target price on shares of Meta Platforms and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a research note on Monday, June 1st. Stifel Nicolaus reduced their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Barclays lowered their price objective on Meta Platforms from $830.00 to $780.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, BNP Paribas Exane assumed coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $821.86.

Meta Platforms Price Performance

Meta Platforms stock opened at $585.61 on Thursday. Meta Platforms has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The business has a 50 day simple moving average of $603.59 and a 200-day simple moving average of $624.24. The stock has a market capitalization of $1.48 trillion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). The firm had revenue of $60.80 billion during the quarter, compared to analysts’ expectations of $60.22 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the business earned $7.14 earnings per share. Equities analysts predict that Meta Platforms will post 29.4 earnings per share for the current year.

Insider Activity

In other news, COO Javier Olivan sold 837 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $607.85, for a total value of $508,770.45. Following the sale, the chief operating officer directly owned 6,290 shares in the company, valued at $3,823,376.50. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total value of $303,875.00. Following the sale, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. The trade was a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,325 shares of company stock worth $23,979,087 over the last quarter. Insiders own 13.53% of the company’s stock.

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors have recently added to or reduced their stakes in the company. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth approximately $28,000. Advantage Trust Co purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at about $28,000. Strategic Wealth Advisors LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $29,000. Niles Investment Management LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $29,000. Finally, Axiom Investment Management LLC purchased a new position in shares of Meta Platforms in the first quarter valued at $36,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Second-quarter revenue increased 28% year over year to $60.8 billion, exceeding expectations of approximately $60.2 billion. Advertising revenue, ad impressions and average pricing also showed solid growth, while Instagram usage rose by double digits as AI-powered recommendations improved personalization. Meta narrows annual capex forecast, as AI buildout grows
• Positive Sentiment: Meta’s Reality Labs operating loss exceeded $4.6 billion but was narrower than analysts expected. The company is also exploring ways to monetize excess computing capacity, including potential enterprise customers, which could eventually help offset AI infrastructure costs. Meta’s Reality Labs lost over $4.6 billion in second quarter
• Positive Sentiment: Guggenheim reaffirmed its Buy rating and $800 price target, while at least one analyst argued that the post-earnings selloff overlooks the strength of Meta’s advertising business and the one-time nature of legal and severance charges. Guggenheim Reaffirms Buy Rating for Meta Platforms
• Neutral Sentiment: Meta is partnering with BlackRock on a roughly $14 billion El Paso, Texas, data-center project. The joint venture can reduce Meta’s upfront balance-sheet burden while securing future AI capacity, but the company remains exposed to long-term lease and asset-value obligations. Meta, BlackRock form $14 billion venture to develop AI data center campus in Texas
• Negative Sentiment: Adjusted earnings were $6.18 per share, well below the roughly $7.19 consensus and down from $7.14 a year earlier. Legal costs of about $2.4 billion and $1.2 billion in severance contributed to the miss, but investors are more concerned that capital expenditures consumed nearly all of Meta’s $31.9 billion in operating cash flow, sharply reducing free cash flow. Meta misses profit expectations, sticks to massive AI spending
• Negative Sentiment: Meta plans to spend approximately $130 billion to $145 billion on AI and related infrastructure in 2026. Third-quarter revenue guidance of $61 billion to $64 billion was below the $63.2 billion consensus midpoint, reinforcing fears that spending, borrowing needs and infrastructure costs are rising faster than monetization. Meta tanks nearly 9%, Microsoft jumps 8% as the AI trade splits Big Tech

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.