Since the company is still growing, $1 trillion seems well within reach by 2030.
Meta stock would therefore need to rise 104% to $334 to trade in line with the broader market right now, which would give it a $905 billion market valuation. That's a 51% discount to the Nasdaq 100 index, which trades at a multiple of 25.2. The company has generated $13.22 in earnings per share over the last four quarters, so its stock trades at a multiple of 12.3. These include its long-standing Chief Operating Officer Sheryl Sandberg stepping down and changes to Apple's (NASDAQ: AAPL) privacy rules, which are hurting Meta's ability to sell targeted ads. Meta has the most firepower of any company developing it, having willingly burned $10 billion on its Reality Labs segment in 2021 and a further $2.9 billion in the first quarter of 2022.īut interestingly, there's an argument for Meta's stock more than doubling from here even without the metaverse, though it has to overcome some short-term challenges first.
In the big picture, some estimates suggest the metaverse industry could be worth anywhere between $1.6 trillion and $30 trillion by 2030.
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