Although Meta (NASDAQ: META) stocks seem to be consolidating their price gains from previous months, the technology behemoth’s efforts in the field of artificial intelligence (AI) look promising, and analysts are highly optimistic regarding the price of META shares in the next 12 months.
Notably, the META stock price action has been less than impressive in the past several weeks, but it has nonetheless managed to record significant advances this year, thanks to the widespread use of Meta’s apps and the company’s investments in AI, particularly its recently released Meta AI assistant.
Meta stock price prediction
As it happens, a group of 42 Wall Street analysts giving stock ratings to Meta Platforms in the past three months has given META stock a score of ‘strong buy,’ with the overwhelming majority – 37 of them – recommending a ‘buy’ with three votes for a ‘hold,’ and only two suggesting a ‘sell.’
Picks for you
In terms of price, these experts are confident that these shares will continue to increase for the next 12 months, arriving at the average target of $522.95, which would represent a 10.47% gain from its current situation, with the lowest price target at $360 (-23.95%) and the highest at $593 (+25.26%).
One of these experts is Eric Sheridan, who comes from banking giant Goldman Sachs (NYSE: GS) and who has reiterated his $500 price target for Meta stock, considering the company’s continued investments and expansion of digital products like Instagram Reels.
At the same time, Doug Anmuth from JPMorgan (NYSE: JPM) has also retained a positive outlook on Meta, considering it a top choice among internet stocks due to its scale, growth trajectory, and profitability, reiterating a $480 price target, as Finbold reported on April 25.
Meta price analysis
For now, Meta shares are changing hands at the price of $473.40, recording a decline of 0.49% on the day and dropping 0.69% across the past week, as well as accumulating a loss of 4.58% on its monthly chart, according to the information retrieved on May 23.
Ultimately, META shares could follow the path that Wall Street analysts believe it will, and the company’s growth efforts certainly prove it is capable of stirring bullish sentiment, but doing one’s own research is still critical when investing, as trends in the stock market can change.
Buy stocks now with eToro – trusted and advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
