Meta Platforms (META)
NASDAQ:META
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Meta Platforms
(NASDAQ:META)
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Rating:80Outperform
Price Target:
$792.00
▲(15.02% Upside)
Action:ReiteratedDate:04/18/26
Overall score is driven primarily by very strong fundamentals (high profitability and strong cash generation) and a supportive earnings update highlighting ad momentum and AI traction. These positives are tempered by heavy guided spending/capex, ongoing Reality Labs losses and regulatory risk, plus near-term technical overextension and a valuation that offers limited margin of safety.
Positive Factors
Exceptional profitability
Meta’s very high gross, operating and net margins reflect dominant scale and efficient ad business economics. These margins provide durable internal funding for R&D and infrastructure, create a wide moat versus smaller competitors, and buffer returns through advertising cycles.
Negative Factors
Rising debt & steep capex
A meaningful increase in gross debt combined with a step-up in multi-year capex to scale AI and data centers increases fixed obligations and reduces financial flexibility. If revenue growth slows, return on these investments may lag and pressure future free cash flow conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional profitability
Meta’s very high gross, operating and net margins reflect dominant scale and efficient ad business economics. These margins provide durable internal funding for R&D and infrastructure, create a wide moat versus smaller competitors, and buffer returns through advertising cycles.
Read all positive factors
Meta Platforms (META) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.71T
Dividend Yield0.32%
Average Volume (3M)16.03M
Price to Earnings (P/E)18.3
Beta (1Y)1.43
Revenue Growth22.17%
EPS Growth-2.66%
CountryUS
Employees76,834
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,196,045,700
10 Day Avg. Volume15,136,712
30 Day Avg. Volume16,025,018
Financial Highlights & Ratios
PEG Ratio-10.75
Price to Book (P/B)7.66
Price to Sales (P/S)8.28
P/FCF Ratio36.09
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue8.69
Enterprise Value/Gross Profit10.60
Enterprise Value/Ebitda16.48
Forecast
1Y Price Target
$852.64Price Target Upside23.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering33
EPS Forecast (FY)29.8
Revenue Forecast (FY)$250.36B
Meta Platforms Business Overview & Revenue Model
Company Description
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 headsets, and wearables worldwide. It operates in two segments,...
How the Company Makes Money
Meta primarily makes money by selling digital advertising across its apps and services. Advertisers buy ad placements that appear in users’ feeds, stories, reels, and other surfaces, and campaigns are typically targeted using signals such as user ...
Meta Platforms Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Meta Platforms is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Meta Platforms is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyMeta Platforms Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call highlighted strong commercial momentum: robust revenue and ad growth (+25% total revenue; +24% ad revenue), meaningful engagement and ad-performance gains (impressions +18%, avg ad price +6%), clear traction for AI-powered product features, and solid cash generation. Offsetting risks include a 12% decline in Reality Labs revenue and continuing losses there, substantial near-term expense and CapEx increases to scale AI infrastructure ($162B–$169B expenses; $115B–$135B capex guidance), capacity constraints, and legal/regulatory uncertainties. On balance, the positives around accelerating ad monetization, user engagement, AI product traction, and liquidity outweigh the near-term costs and risks, though execution and regulatory outcomes will be critical to sustaining momentum.Positive Updates
Strong Top-Line Growth
Q4 total family of apps revenue was $58.9B, up 25% year-over-year; Q4 family of apps ad revenue was $58.1B, up 24% year-over-year (23% constant currency).
Negative Updates
Reality Labs Revenue Decline and Ongoing Losses
Reality Labs Q4 revenue was $955M, down 12% year-over-year (lapped Quest 3 introduction), and company expects Reality Labs operating losses in 2026 to remain similar to 2025 (peak losses).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-Line Growth
Q4 total family of apps revenue was $58.9B, up 25% year-over-year; Q4 family of apps ad revenue was $58.1B, up 24% year-over-year (23% constant currency).
Read all positive updates
Company Guidance
Meta guided Q1 2026 revenue of $53.5B–$56.5B (assuming an ~4% FX tailwind to YoY growth), full‑year 2026 total expenses of $162B–$169B, and full‑year 2026 capital expenditures (including finance lease principal) of $115B–$135B; it expects 2026 operating income to be above 2025 operating income (in absolute dollars), a full‑year tax rate of 13%–16%, and Reality Labs operating losses to remain similar to 2025, while relying on strong cash generation to fund infrastructure but remaining open to modest, cost‑efficient external financing that could result in a positive net‑debt position. For context, Q4 closed with $81.6B of cash and marketable securities, $58.7B of debt, $14.1B of free cash flow, and 78,800 employees (up 6% YoY).Meta Platforms Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 200.97B | 164.50B | 134.90B | 116.61B | 117.93B |
| Gross Profit | 164.79B | 134.34B | 108.94B | 91.36B | 95.28B |
| EBITDA | 104.55B | 86.88B | 59.05B | 37.69B | 55.27B |
| Net Income | 60.46B | 62.36B | 39.10B | 23.20B | 39.37B |
Balance Sheet | |||||
| Total Assets | 366.02B | 276.05B | 229.62B | 185.73B | 165.99B |
| Cash, Cash Equivalents and Short-Term Investments | 81.59B | 77.81B | 65.40B | 40.74B | 48.00B |
| Total Debt | 83.90B | 49.06B | 37.23B | 26.59B | 13.87B |
| Total Liabilities | 148.78B | 93.42B | 76.45B | 60.01B | 41.11B |
| Stockholders Equity | 217.24B | 182.64B | 153.17B | 125.71B | 124.88B |
Cash Flow | |||||
| Free Cash Flow | 46.11B | 54.07B | 43.85B | 19.04B | 39.12B |
| Operating Cash Flow | 115.80B | 91.33B | 71.11B | 50.48B | 57.68B |
| Investing Cash Flow | -102.00B | -47.15B | -24.50B | -28.97B | -7.57B |
| Financing Cash Flow | -20.37B | -40.78B | -19.50B | -22.14B | -50.73B |
Meta Platforms Technical Analysis
Positive
688.55
Price Trends
629.56
Positive
641.27
Positive
680.26
Positive
Market Momentum
13.86
Negative
69.82
Neutral
96.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For META, the sentiment is Positive. The current price of 688.55 is above the 20-day moving average (MA) of 603.69, above the 50-day MA of 629.56, and above the 200-day MA of 680.26, indicating a bullish trend. The MACD of 13.86 indicates Negative momentum. The RSI at 69.82 is Neutral, neither overbought nor oversold. The STOCH value of 96.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for META.
Meta Platforms Risk Analysis
Meta Platforms disclosed 48 risk factors in its most recent earnings report. Meta Platforms reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Meta Platforms Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.71T | 18.27 | 30.56% | 0.32% | 22.17% | -2.66% | |
77 Outperform | $4.15T | 28.69 | 35.00% | 0.26% | 15.22% | 34.19% | |
73 Outperform | $2.84T | 31.67 | 21.87% | ― | 12.38% | 28.97% | |
72 Outperform | $29.59B | 80.88 | 20.89% | ― | 69.40% | ― | |
68 Neutral | $12.77B | 41.90 | 8.74% | ― | 15.79% | -77.48% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $9.54B | -29.98 | -20.72% | ― | 10.63% | 35.31% |
* Communication Services Sector Average
META
Meta Platforms
678.62
125.90
22.78%
AMZN
Amazon
261.12
73.73
39.35%
GOOGL
Alphabet Class A
350.34
190.73
119.50%
SNAP
Snap
6.06
-3.03
-33.33%
PINS
Pinterest
20.33
-5.95
-22.64%
RDDT
Reddit Inc Class A
160.21
38.07
31.17%
Meta Platforms Corporate Events
Executive/Board ChangesShareholder Meetings
Meta Platforms Announces Upcoming Board of Directors Changes
Neutral
Apr 14, 2026
On April 8, 2026, Meta Platforms, Inc. disclosed that directors Hock E. Tan and Tracey T. Travis informed the company they will not stand for re-election to the board at Meta’s 2026 Annual Meeting of Shareholders. Both will continue to serve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.