Previous valuation: September 24, 2021
Summary
Stock: Meta Platforms, Inc. Class A Common Stock (NASDAQ: FB)
Rating: Add
Price: $249.00
Target: $392.98
Business overview
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. It operates in two segments, Family of Apps and Facebook Reality Labs.
The Family of Apps segment’s products include Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way, as well as other services. This segment generated $115,655m of reven…