Summary:

• Meta Platforms appoints Connor Hayes to lead its Threads app, now competing with platform X.
• Analysts predict a modest upside for Meta’s stock, with targets varying widely.
• Current assessments indicate a potential decline according to GuruFocus’ GF Value metric.

Meta Platforms Appoints New Threads Leader

Meta Platforms (META) has announced Connor Hayes as the new head of Threads, its innovative text-based social media application. Hayes, a longstanding contributor to the company, steps into the role previously held by Instagram’s Adam Mosseri. Despite Threads’ substantial user base exceeding 380 million, it remains behind its competitor, platform X, which boasts around 600 million users.

Wall Street Analysts Forecast

According to insights from 61 analysts’ one-year price targets, Meta Platforms Inc (META, Financial) is forecasted to reach an average target price of $735.09. The estimates span a high of $935.00 and a low of $525.00, suggesting a
potential upside of 4.90%
from the current share price of $700.73. For more in-depth forecast details, please visit the Meta Platforms Inc (META) Forecast page.

Brokerage Recommendations

The consensus from 71 brokerage firms currently rates Meta Platforms Inc’s (META, Financial) stock at an average recommendation of 1.8, categorizing it as “Outperform.” This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell recommendation.

GuruFocus GF Value Analysis

In line with GuruFocus estimates, the anticipated GF Value for Meta Platforms Inc (META, Financial) over the next year is assessed at $544.27. This figure suggests a
potential downside
of 22.33% compared to the current price of $700.73. The GF Value reflects GuruFocus’ assessment of the stock’s fair trading value, derived from historical trading multiples, past business performance, and future growth projections. For comprehensive data, visit the Meta Platforms Inc (META) Summary page.