Meta Target Price 2024. The highest price target of $575 suggests shares can rally by an additional 15%. That's compared to estimated expenses between of $88 billion in 2023.
Conversely, if meta fails to maintain support at 498.03, the market could see a shift towards bearishness, with 495.54 as the initial lower target. On the stock market today, meta stock gained 3.7% to close at 370.47.
Amazon Could Gain Another $100 In 2024.
We believe the name can continue to run up with the market, and we think the market has further up to go in 2024.
The Forecasts Range From A.
The consensus target implies a 6% upside.
Wedbush Analysts Increased Their Target Price For Meta Platforms To $420 From $350 Per Share, Maintaining An Outperform Rating.
Taking a wacc of 9.1%, i estimate meta's fair value at $400 per share, reflecting a 22.5x p/e multiple over my projection for 2024 earnings, which is 3% higher.
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Path To $500 In 2024.
Meta is building momentum that has yet to run its course.
That Target Aligns With Gurufocus’ Estimated Fair Value.
Meta platforms increased its revenue by 25% yoy in the fourth quarter of 2023.
The Consensus Target Implies A 6% Upside.
Meta previously estimated its 2024 operating expenses will fall between $94 and $99 billion.