Meta Platforms Intrinsic Value Calculation – Meta Platforms Predicted to Become Biggest AI Beneficiary, Reaching $600 PT by 2024

☀️Trending News

META ($NASDAQ:META): It appears that Facebook is on the rise as one of the top picks for artificial intelligence (AI) in 2024. Analysts have predicted that Facebook could become the biggest beneficiary of AI, with a price target of $600. Since its inception, Facebook’s mission has been to give people the power to build community and bring the world closer together. Facebook’s shares are traded on the Nasdaq. The company has been experiencing steady growth with an increase in user base and revenue. Facebook has been investing in cutting-edge AI technologies, such as computer vision, natural language processing, and machine learning.

This investment has further improved the user experience across its platform and products. Facebook’s AI capabilities have also enabled it to better detect and curb hate speech and fake news. Facebook’s investments in AI have certainly positioned it well for the future. With a price target of $600 by 2024, it appears that the company may indeed become the biggest beneficiary of AI yet seen.

Share Price

A report released on Tuesday by Wedbush Securities projects that Facebook stands to become the biggest beneficiary of the Artificial Intelligence (AI) revolution, with its stock price reaching an estimated $600 per share by 2024. According to the report, Facebook stock opened at $351.3 and closed at $346.3, representing a 2.2% decline from its prior closing price of 354.0. It is expected that AI will play a major role in the growth of Facebook’s stock, shaping its business operations and customer experience. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Meta Platforms. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Meta Platforms. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Meta Platforms. More…

Key Ratios Snapshot

Some of the financial key ratios for Meta Platforms are shown below. More…

Analysis – Meta Platforms Intrinsic Value Calculation

We at GoodWhale conducted an analysis of Facebook’s financials. Our proprietary Valuation Line concluded that the intrinsic value of a Facebook share is around $294.4. Currently, Facebook stock is trading at $346.3, which indicates a fair price that is overvalued by 17.6%. It is important to note that this is a general estimation and investors should make their own financial decisions based on their individual research and financial goals. More…

Peers

In the social media landscape, there is intense competition among Meta Platforms Inc, Alphabet Inc, Snap Inc, and Twitter Inc. All four companies are vying for user engagement and market share. Each company has its own unique features and offerings, which appeals to different types of users.

– Alphabet Inc ($NASDAQ:GOOGL)

Alphabet Inc., formerly Google Inc., is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware.

The company was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California. Together, they own about 14 percent of its shares and control 56 percent of the stockholder voting power through supervoting stock. They incorporated Google as a privately held company on September 4, 1998. An initial public offering (IPO) took place on August 19, 2004, and Google moved to its headquarters in Mountain View, California, nicknamed the Googleplex. In August 2015, Google announced plans to reorganize its various interests as a conglomerate called Alphabet Inc. Google is Alphabet’s leading subsidiary and will continue to be the umbrella company for Alphabet’s Internet interests. Sundar Pichai was appointed CEO of Google, replacing Larry Page who became the CEO of Alphabet.

– Snap Inc ($NYSE:SNAP)

Snap Inc is an American technology and camera company, founded on September 16, 2011, by Evan Spiegel and Bobby Murphy and based in Santa Monica, California. The company specializes in a mobile app that allows users to send and receive “snaps”, or photo and video messages. The app also allows users to add filters and effects to their photos and videos.

As of 2022, Snap Inc has a market cap of 17.46B and a Return on Equity of -13.96%. The company has been facing some challenges lately, with slowing user growth and competition from other social media platforms. However, Snap Inc remains a popular app among young people and continues to innovate with new features, such as augmented reality lenses.

– Twitter Inc ($NYSE:TWTR)

Twitter Inc, a publicly traded company, has a market capitalization of 38.83 billion as of 2022. The company’s return on equity, a measure of profitability, was 0.14% for the same year. Twitter Inc is a social networking and microblogging service that enables its users to send and read short 140-character messages called “tweets”.

Summary

Facebook is a popular stock for investors. It has seen tremendous growth over the past few years, making it a highly attractive choice for those looking to generate returns. Analysts are bullish on Facebook, citing its strong user growth, strong revenue growth, and potential to expand into new markets. They also note its success in leveraging its massive user base to monetize content and other services, such as ads and payments.

The company’s focus on security and privacy has enabled it to remain one of the most trusted and reliable sources of data for businesses and consumers around the world. As such, investing in Facebook could be a lucrative endeavor for investors in the long term.