Meta share price

It's shaping up to be a good day for Meta Platforms. Shares in Facebook's parent company jumped 19% at the open, putting the stock on pace for its best ...

In July 2013, Meta's shares rose 30% in one day.\n\nIn a bad year for markets in 2022, Meta was among the notable losers. The company posted a 55% decline in net profit from the year before. It's shaping up to be a good day for Meta Platforms.\n\nShares in Facebook's parent company jumped 25% in morning trading, putting the stock on pace for its best daily performance in nearly a decade.\n\nAt that pace, there is only one other day where the stock performed better.

Meta Platforms saw a slew of analyst upgrades as shares rose nearly 20% off the backs of a better-than-anticipated earnings report and optimistic ...

"Our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization," he said in a statement Wednesday. At Guggenheim, Michael Morris revised his price target to $210, maintaining a buy rating, citing in part lowered costs and a belief in management messaging on "momentum." In a word, Mahaney wrote, "Yes." He cited "materially reduced expense projections" and a larger-than-anticipated share buyback, upping his price target to $275 and reiterating an outperform rating. "Does META Really Deserve To Be Up 20% In The After-Market?!" [Meta](/quotes/META/) shares jumped 25% Thursday morning, on pace for the best day in nearly a decade, with a slew of [analyst upgrades](https://www.cnbc.com/2023/02/02/analysts-laud-meta-platforms-focus-on-efficiency-say-the-stock-is-transitioning-from-doghouse-to-pedestal.html) coming off the back of a [fourth-quarter revenue beat](https://www.cnbc.com/2023/02/01/facebook-parent-meta-earnings-q4-2022.html) and optimistic prognostications from CEO Mark Zuckerberg.

Shares of Meta staged a massive rally Thursday after the Mark Zuckerberg-led Facebook parent company beat expectations in its latest quarterly earnings ...

The Meta boss is now the 16th-richest person in the world, rising six spots thanks to the latest stock surge, surpassing notable names including Indian billionaire Gautam Adani, whose fortune has [nosedived considerably](https://www.forbes.com/sites/siladityaray/2023/02/02/adani-drops-to-third-richest-in-asia-after-another-stock-market-rout/?sh=1c2528717d37) in recent days as his empire contends with fraud allegations from short seller Hindenburg Research. “But it appears that Meta has found their own religion on efficiency/profitability and investors now find a leaner, sharper company before them.” The social media giant changed its name from Facebook to Meta in October 2021 to reflect its commitment to the metaverse, Zuckerberg’s vision for an online experience incorporating augmented and virtual reality. [Meta Stock Soars After Beating Revenue Estimate](https://www.forbes.com/sites/nicholasreimann/2023/02/01/meta-stock-soars-after-beating-revenue-estimate/?sh=7cf57e7c5c4f) (Forbes) [Adani Drops To Third Richest In Asia After Another Stock Market Rout](https://www.forbes.com/sites/siladityaray/2023/02/02/adani-drops-to-third-richest-in-asia-after-another-stock-market-rout/?sh=1c2528717d37) (Forbes) Other large technology stocks have also slumped recently, with Meta’s 46% loss since the beginning of 2022 slightly outpacing the declines of Amazon (34%), Alphabet (27%) and Netflix (40%). [beat expectations](https://www.forbes.com/sites/nicholasreimann/2023/02/01/meta-stock-soars-after-beating-revenue-estimate/?sh=7cf57e7c5c4f) in its latest quarterly earnings numbers, outlined cost-cutting measures and announced a $40 billion stock buyback, as Wall Street regains faith in the “House of Zuck.”

(Video Transcript). Meta shares surge. Meta Platforms, which owns Facebook, was in absolute lift-off mode last night. It jumped 25% on the IG platform last ...

It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. And we remember the group parted with more than 11,000 jobs back in November, which did cost that money and a one-off. No representation or warranty is given as to the accuracy or completeness of this information. It jumped 25% on the IG platform last night in extended trade as a result of news that came out after the bell. Meta shares were a whopping 25% amid plans to cut costs and give a $40 billion share buyback. Investors gave little interest to earnings and revenue, where fourth quarter (Q4) net income fell to a $1.76 per share, much lower than the $2.26 expected.

Tech giants Google, Apple and Amazon will report their latest earnings on Thursday as shares in Meta skyrocketed after the Facebook owner posted better ...

Apple, the world's biggest company in terms of market value, is also expected to see a drop in activity, with analysts forecasting quarterly sales of $121.5 billion down from $123.9 billion a year ago. Amazon is expected to report an inflation-fueled increase in sales despite the company announcing a massive round of layoffs to correct for a hiring binge during the pandemic when business growth ramped up. Analysts polled by Factset said sales at the online store would rise to $145.7 billion, up from $137.4 billion a year before. Analysts polled by data company Factset are predicting a drop in quarterly ad sales, which makes up more than 80 percent of the company's revenue, to $60.4 billion, down from $61.2 billion a year before. Apple is the only tech giant that has yet to announce major layoffs in recent weeks and investors will be taking a hard look at how its sales have been affected by China's zero-COVID policy that was only recently lifted. Following in Meta's wake, Google's parent company is expected to also announce a slump in ad sales, which would be only the second quarterly fall since the search engine giant went public in 2004.

The Facebook founder is now the world's 16th richest person, up six spots from Wednesday.

Meta also reported a 4.5% decrease in fourth-quarter revenue compared to the same period in the prior year—but [surpassed analyst forecasts](https://www.forbes.com/sites/nicholasreimann/2023/02/01/meta-stock-soars-after-beating-revenue-estimate/?sh=5c9875ab5c4f) for a 6.5% revenue drop, which likely spurred the stock surge, as did the company's plan to buy back $40 billion worth of its stock. [Wednesday’s earnings call](https://www.forbes.com/sites/nicholasreimann/2023/02/01/meta-stock-soars-after-beating-revenue-estimate/?sh=5c9875ab5c4f) wasn’t much better: Meta’s virtual and augmented reality arm, Reality Labs, posted its biggest quarterly operating loss yet at $4.3 billion. 22 just one day ago](https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/?sh=1a06ec9c54dc) but far below his No. [10 richest people](https://www.forbes.com/sites/rachelsandler/2022/09/27/mark-zuckerberg-is-no-longer-one-of-the-10-richest-americans/?sh=1b8091e2352f) in the world for roughly seven years, but tumbled out of that elite group last fall when Meta’s share price plunged due to declining advertising revenue, competition from TikTok and a general tech slump. 3 spot from September 2021, when he [was worth $136 billion](https://www.forbes.com/sites/kerryadolan/2021/10/05/the-2021-forbes-400-list-of-richest-americans-facts-and-figures/?sh=125e3a3834e9). It's the biggest one-day gain for Zuckerberg since Facebook (now Meta) went public in May 2012.

Parent of Facebook also announces additional $40bn for stock buybacks.

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