Meta Platforms Inc. (NASDAQ: META), a cornerstone of the U.S. tech sector, continues to enjoy strong momentum in the capital markets, driven by consistent earnings performance and bullish sentiment from Wall Street analysts. As the stock trades near all-time highs, investors are asking whether there is more room to run—or if the upside has already been priced in. Based on forward-looking data, earnings forecasts, and analyst ratings, the outlook remains constructive.

Price Target: Room for Over 40% Upside

META’s current price stands at $643.58, while the average 12-month price target among 60 analysts is $696.50, implying an 8.22% upside. The spread between the high and low targets is significant, ranging from a bearish $466.00 (a 27.59% downside) to a bullish $918.00, suggesting a potential 42.64% upside. The wide range reflects both macro uncertainty and differing views on the monetization potential of Meta’s AI, advertising, and metaverse initiatives.

Analyst Ratings: Strong Buy Consensus

META receives overwhelming support from Wall Street. Among 71 analysts who issued ratings in the last 3 months, 54 labeled the stock a “Strong Buy”, with an additional 9 calling it a “Buy.” Only 6 recommended “Hold,” and just 2 rated it as “Sell” or “Strong Sell.” The consensus is clear: Meta remains a top-tier growth stock with substantial long-term potential.

Revenue Growth: Steady Momentum Through 2028

Meta’s revenue trajectory has remained robust over the past few years. In 2023, the company reported revenue of $134.90 billion, and it is projected to hit $164.50 billion in 2024. Forecasts anticipate further growth to $187.23 billion in 2025, $212.07 billion in 2026, and $267.19 billion by 2028. These estimates imply a consistent annual growth rate of 12%–14%, supported by digital advertising expansion, AI infrastructure scaling, and continued dominance in social media platforms.

EPS Performance: Margin Expansion and Profitability Trends

Earnings per share (EPS) has seen impressive acceleration. Reported EPS for 2023 was $14.87, with forecasts expecting $23.86 in 2024—a year-over-year jump of over 60%. Looking forward, EPS is projected to reach $25.56 in 2025, $28.29 in 2026, and $36.71 by 2028. These improvements in profitability suggest effective cost control and monetization strategies, reinforcing investor confidence.

Analyst Commentary and Individual Price Targets

Among analysts updating their forecasts in May 2025 are Rob Sanderson of Loop Capital who set a target of $888 representing 37.98% upside Joseph Bonner of Argus Research who set a $725 target representing 12.65% upside Doug Anmuth of J.P. Morgan with a $675 target slightly above current levels and Saiyi He of CMB International who sees the stock reaching $760 reflecting 18.09% upside Conversely Sachin Mittal of DBS lowered his forecast from $811 to $608 signaling increased caution among some analysts.

Conclusion: High Confidence, but Not Without Risks

Meta Platforms continues to demonstrate strong financial results and maintain solid forward momentum. With an overwhelming analyst consensus favoring a “Strong Buy,” coupled with double-digit earnings and revenue growth projections, the stock presents a compelling case for long-term investors. However, the divergence between the highest and lowest targets also highlights potential risks—ranging from regulatory hurdles and AI competition to economic headwinds and shifting user engagement.

Investors should remain cautiously optimistic, balancing Meta’s upside potential with macroeconomic and sector-specific variables that could affect valuation.