diff --git "a/9f2f210e-a966-416a-a396-779083d364fb.json" "b/9f2f210e-a966-416a-a396-779083d364fb.json" new file mode 100644--- /dev/null +++ "b/9f2f210e-a966-416a-a396-779083d364fb.json" @@ -0,0 +1,40 @@ +{ + "interaction_id": "9f2f210e-a966-416a-a396-779083d364fb", + "search_results": [ + { + "page_name": "Social Networking App Revenue and Usage Statistics (2024) - Business ...", + "page_url": "https://www.businessofapps.com/data/social-app-market/", + "page_snippet": "The average smartphone user spends 2 hours and 20 minutes a day or 70 hours on social media apps every month and 55% of the population, or 4.88 billion people, have social media accounts. It is the most popular type of internet service, responsible for hundreds of billions of interactions every day.Apple\u2019s iPhone brought new life into the social media landscape, leading to the creation of apps like Instagram, Path, Snapchat, Keek and Vine in the early 2010s. Facebook would struggle with mobile to begin with, but acquisitions of Instagram in 2012 and WhatsApp in 2014 bolstered its position as the most popular social networking company in the world. As the social media market started to mature, fewer apps were launched and several either folded (Google+, Orkut, Friendster) or were reworked by new owners, in the case of MySpace and Bebo. The mid-2010s saw the launch of video-first apps, such as Periscope and Musical.ly, the latter of which was acquired by ByteDance in 2017 and merged into TikTok in 2018. Social media continuously evolves and while there is less competition in some areas, new ideas come out of new technologies or changing user preferences. Clubhouse introduced live audio conversations, which have been added into Twitter and LinkedIn. BeReal launched as the anti-Instagram, focusing solely on the user\u2019s friends and \u201cauthenticity\u201d.", + "page_result": "\n\n\n\n \n\n\n\n\n\nSocial Networking App Revenue and Usage Statistics (2024) - Business of Apps\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\n\n\n\n\n\n\n\n\n\n \n \n \n\n\n\t\n\n\n\n\n\n\n\n\n\n\n
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  • Home
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  • Social Networking App Revenue and Usage Statistics (2024)
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Social Networking App Revenue and Usage Statistics (2024)

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\n David Curry

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Updated: March 1, 2024

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The average smartphone user spends 2 hours and 20 minutes a day or 70 hours on social media apps every month and 55% of the population, or 4.88 billion people, have social media accounts. It is the most popular type of internet service, responsible for hundreds of billions of interactions every day.

In the late 1990s, as the internet was moving to web 2.0 stage, several online messaging and social networks launched with new multimedia services, propelling them to new levels of popularity. LiveJournal was the first on the scene in 1999, with MySpace, Facebook, Okrut and Bebo all launching between 2003 and 2005.\u00a0

The 2000s saw these social networks compete for more users, with Facebook surpassing MySpace in 2008 to become the most popular social network worldwide. Qzone and VK were both launched as clones of Facebook for Chinese and Russian users. Twitter launched in 2006 and Tumblr in 2007, both cast as \u201cmicroblogging\u201d platforms.\u00a0

- Advertisement -

Apple\u2019s iPhone brought new life into the social media landscape, leading to the creation of apps like Instagram, Path, Snapchat, Keek and Vine in the early 2010s. Facebook would struggle with mobile to begin with, but acquisitions of Instagram in 2012 and WhatsApp in 2014 bolstered its position as the most popular social networking company in the world.\u00a0

As the social media market started to mature, fewer apps were launched and several either folded (Google+, Orkut, Friendster) or were reworked by new owners, in the case of MySpace and Bebo. The mid-2010s saw the launch of video-first apps, such as Periscope and Musical.ly, the latter of which was acquired by ByteDance in 2017 and merged into TikTok in 2018.\u00a0

Social media continuously evolves and while there is less competition in some areas, new ideas come out of new technologies or changing user preferences. Clubhouse introduced live audio conversations, which have been added into Twitter and LinkedIn. BeReal launched as the anti-Instagram, focusing solely on the user\u2019s friends and \u201cauthenticity\u201d.\u00a0

The next five years has many branching ideas of social interaction, such as the metaverse, augmented reality and new creator monetisation tools, which could introduce new players to the social app ecosystem or further entrench the leaders, as we have seen happen with the decline of Clubhouse.\u00a0

We have collected data and statistics on social networking apps. Read on below to find out more.

Key Social Networking Statistics\u00a0

  • Facebook and Instagram are responsible for around half of all revenue generated by social networking apps
  • There were 5.08 billion social networking accounts active in 2023
  • Facebook has the most users at three billion, followed by YouTube and WhatsApp
  • Facebook is also the most used social networking app in the US, followed by Instagram

Social App Report 2024

Want to learn more about the most popular social apps? Our Social App Report includes financials, usage, demographics and benchmarks on Facebook, Instagram, YouTube, TikTok, WhatsApp, Snapchat, Twitter, Pinterest and LinkedIn.

Top Social Networking Apps

LinkTitle 1Title 2
https://www.businessofapps.com/data/facebook-statistics/FacebookThe dominant social network for over 15 years, which over 2.9 billion people access once a month
https://www.businessofapps.com/data/instagram-statistics/InstagramInstagram has taken on many identities since its inception as a photo sharing app, it currently has a focus on short-form video
https://www.businessofapps.com/data/tik-tok-statistics/TikTokThe newest social app to reach one billion users, and kickstart the push by other social platforms towards short-form video
https://www.businessofapps.com/data/snapchat-statistics/SnapchatA photo-sharing service which first gained users for its disappearing messages, and 24 hour photo and video stories
https://www.businessofapps.com/data/youtube-statistics/YouTubeThe largest video network in the world, with over 2.5 billion users. Has recently moved into short-form video with Shorts
https://www.businessofapps.com/data/whatsapp-statistics/WhatsAppThe most popular messaging app in terms of users, which has organically built its social networking credentials through groups
https://www.businessofapps.com/data/pinterest-statistics/PinterestA photo-sharing and idea board app which became popular with women in the US, and has since gained traction internationally
https://www.businessofapps.com/data/twitter-statistics/TwitterA microblogging service that was recently purchased by Tesla CEO Elon Musk for $44 billion
https://www.businessofapps.com/data/linkedin-statistics/LinkedInMicrosoft-owned LinkedIn is the largest social professional network, which also operates as a portal for job seekers
https://www.businessofapps.com/data/reddit-statistics/RedditA social news and discussion website, which has tried to add more social networking elements in the past few years

Social Networking Revenues by App

Facebook and Instagram, which are the two main pillars of Meta Platforms, generate the most revenue.

Social App Revenues 2010 to 2023 ($mm)

Social Networking Users\u00a0

There were 5.08 billion people with a social network account in 2023, with most of them on Facebook, Instagram, or WeChat in China.

Number of Social Media Accounts Worldwide 2014 to 2023 (bn)

Social Networking Users by App\u00a0

Facebook has the most total users, although it has been growing at a slower rate than newer apps like Instagram and TikTok.

Social Networking Users by App 2023 (bn)

AppUsers (bn)
Facebook3
YouTube2.7
WhatsApp2.4
Instagram2.4
TikTok1.6
WeChat1
Reddit0.85
Snapchat0.8
QQ0.57
Pinterest0.46
Twitter0.42
LinkedIn0.31

Source: Social App Report

Social Networking Market Share US\u00a0

Facebook still has the highest usage in the US, primarily through its usage amongst older age groups. Instagram is the only platform likely to reach Facebook’s level of usage in the next few years.

Usage of Social Networking Apps in the United States 2023 (%)

Social Networking Average Time Spent

There has been an increase in average time spent on social networks every year since 2012, however growth stalled for two years. It dropped to 150 minutes in 2023.

Average Minutes Spent Per Day on Social Media 2012 to 2023

Social Networking Daily Engagement by App\u00a0

Instagram has the most daily usage, with 39 percent of users opening it once a day. TikTok is second with 29 percent daily engagement, higher than Facebook and Snapchat.

Daily Engagement Rate on Social Apps 2023 (%)

More Social App Data

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Investing in Social Media Stocks

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\nBy\nNicholas Rossolillo \u2013\nUpdated\nNov 10, 2023 at 9:46AM\n
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Source: Getty Images
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Social media isn\u2019t new anymore, but it\u2019s still a fast-growing industry. About 3.8 billion people are active social media users in 2021. By 2025, the number of users is expected to climb to 4.4 billion. The biggest social networks still make most of their money from advertising, but social media is maturing and generating revenue from sources such as e-commerce, digital payments, and video games.

Investing in social media has more than doubled shareholder dollars since the start of 2018, as measured by the performance of the exchange-traded fund Global X Social Media ETF (SOCL -1.87%). Returns have been driven by top names such as Meta Platforms\u2019s Facebook (META -1.6%), Snap (SNAP 3.63%), Twitter (NYSE:TWTR), and Alphabet\u2019s Google (GOOG -0.31%L) (GOOG -0.31%), which also owns YouTube.

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Aside from the major players, plenty of other emerging social platforms are worth your attention. With hundreds of millions of people expected to become regular internet users in the next few years, now is a great time to consider investing in social media companies.

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Best social media stocks in 2024

These are some of the leading social media stocks to own in 2024 and beyond:

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Data source: YCharts as of market close January 24, 2023.
\nCompany\n\nMarket Cap\n\nDescription\n
\nMatch Group (NASDAQ:MTCH)\n\n$14.5 billion\n\nThe parent company of dating apps Tinder, OkCupid, and Hinge.\n
\nEtsy (NASDAQ:ETSY)\n\n$17.4 billion\n\nA social selling platform that enables discovery of unique items.\n
\nPinterest (NYSE:PINS)\n\n$17.7 billion\n\nA visual sharing, search, and discovery platform.\n
\nIAC/InterActiveCorp (NASDAQ:IAC)\n\n$4.9 billion\n\nAn investment firm with a long track record of fostering up-and-coming social media sites.\n
\nBumble (NASDAQ:BMBL)\n\n$4.5 billion\n\nThe parent organization of dating and relationship apps Bumble and Badoo.\n
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1. Match Group

Match Group -- best known for its dating sites Tinder (the top downloaded dating app worldwide), OkCupid, and Hinge (popular among younger generations) -- has been producing double-digit revenue growth for years. Finding companionship via the web has steadily become normalized over time, but COVID-19 has helped to solidify the demand for online dating services. Match grew steadily even at the height of the 2020 pandemic lockdowns.

Compared to other large social media businesses, Match has a unique business model. It derives most of its revenue from subscriptions paid directly by users rather than advertising. With online dating becoming more commonplace, especially in emerging economies, Match continues to forecast strong growth in revenue. It also completed the acquisition of South Korea-based social and video platform Hyperconnect for $1.725 billion over the summer of 2021.

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2. Etsy

Etsy is best known as an e-commerce platform, but it stands out for its unique approach to facilitating online sales. Not only does the company specialize in vintage and handmade goods, but Etsy is also an online discovery platform where shoppers directly connect with creators. With more than 7.5 million sellers and 96 million active buyers, Etsy is one of the largest e-commerce platforms with a social focus.

Etsy has grown in part by acquisitions. It owns the vintage music equipment and reseller site Reverb, and it recently purchased Depop, the used-apparel marketplace that has tens of millions of users worldwide -- most of them members of Generation Z, born in the late 1990s or early 2000s. Etsy also owns Elo7, dubbed the \u201cthe Etsy of Brazil,\u201d which is helping the company to increase its presence in the largely untapped South American market.

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3. Pinterest

The visual sharing, search, and discovery company was a huge winner during the COVID-19 pandemic. Millions around the globe flocked to Pinterest while confined to their homes, and many are choosing to continue using Pinterest even as the pandemic starts to ease. With more than 450 million monthly users, it has become a top site worldwide for merchants and creators to advertise their products via a unique picture- and video-based format.

Pinterest reported a sharp slowdown in year-over-year active users in the summer of 2021 as more people started to leave home again. The company is spending heavily to continue increasing its user base and ways for businesses to build their brand on Pinterest, but it nevertheless is experiencing some growing pains as the pandemic eases. However, it is generating net income and positive free cash flow now, so Pinterest is in good shape. Its strong financial position and large global user base explains why fintech company PayPal Holdings (PYPL -2.85%) had reportedly expressed interest in acquiring Pinterest.

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4. IAC/InterActiveCorp

IAC is hardly a household name, but the holding company has fostered and sold several well-known social media and online interactive platforms. Among them are Match Group, the travel and tourism conglomerate Expedia (EXPE -1.1%), and the online video and streaming site Vimeo (VMEO -6.0%).

While IAC has a proven track record of investing in and expanding businesses in the social realm of the internet, its current focus is not strictly social media. IAC's main focus is its majority stake in home project company ANGI Homeservices (ANGI -3.33%), but it also is engaged with many other companies, including Dotdash. This conglomerate includes Investopedia, Simply Recipes, and other websites. It\u2019s also acquiring Meredith\u2019s (NYSE:MDP) media and publishing business, which owns magazines such as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and InStyle.

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5. Bumble

Bumble (and its subsidiary Badoo) was founded by a former executive at Match Group\u2019s Tinder, and it has emerged as one of fastest-growing dating apps. The company\u2019s initial public offering (IPO) in early 2021 raised $2.5 billion in cash, and it stands out for being one of just a few female-founded and -led companies. Bumble is succeeding because it takes a fresh approach to social networking and online dating.

Bumble and Badoo's basic features are free to use, and the company primarily makes its money from one-time, in-app purchases and premium subscriptions. In less than a decade (Bumble was founded in 2014), this top dating and relationship service has accumulated millions of users worldwide and is still expanding rapidly, forecasting double-digit percentage sales growth for 2021.

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Should you buy social media stocks?

The social media business model is still evolving and changing. With roots in advertising-based revenue, social media companies are finding new ways to connect people all over the world while more effectively monetizing their expansive networks. Investors in social media stocks should be comfortable with buying and holding while the social media industry reaches maturity.

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\nRandi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool\u2019s board of directors. Nicholas Rossolillo has positions in Alphabet, Etsy, Meta Platforms, PayPal, and Pinterest. The Motley Fool has positions in and recommends Alphabet, Etsy, Match Group, Meta Platforms, PayPal, and Pinterest. The Motley Fool recommends Bumble and recommends the following options: short December 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.\n
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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "When Did Facebook (Meta) Go Public?", + "page_url": "https://www.investopedia.com/ask/answers/111015/when-did-facebook-go-public.asp", + "page_snippet": "Facebook (Meta) had one of the largest and most anticipated IPOs in history on May 18, 2012, but it failed to meet expectations. A NASDAQ glitch cost investors.Expectations were sky high with all the hype surrounding the social media giant's IPO. But it became apparent almost immediately that the results were going to be lower than expected. The stock fell right at opening, and share prices plummeted more than 40% over the next several months. The tech giant's IPO got off to a rocky start, but the company turned the tide and has seen significant growth in the years since. Meta should continue to be a dominant player in the tech and social media industries with strategic acquisitions such as Instagram and WhatsApp, with a stock price that is expected to continue growing. The popular social networking company had one of the largest and most anticipated IPOs in history. FB shares closed at $38.23 on that day, slightly above the $38.00 IPO price. Meta (formerly Facebook) has become the dominant social media platform on the planet, with over 2.9 billion monthly active users. Meta (formerly Facebook) has become the dominant social media platform on the planet, with over 2.9 billion monthly active users. The company was founded in 2004 and went public via IPO on May 18, 2012 with a share price of $38.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\nWhen Did Facebook (Meta) Go Public?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n\n
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Table of Contents\n
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Table of Contents\n\n\n
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  • IPO Failed to Meet Expectations
    • \n
  • NASDAQ Glitch Cost Investors
    • \n
  • Leading Up to the IPO
    • \n
  • Facebook's Funding History
    • \n
  • Facebook's Top Shareholders
    • \n
  • Investing in Facebook After Its IPO
    • \n
  • FAQs
    • \n
  • The Bottom Line
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  • Company Profiles
    • \n
  • FAANG and FAAMG Companies
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When Did Facebook (Meta) Go Public?

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Updated May 11, 2023
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\n\n\nReviewed by\nMargaret James\n
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\n\n\nFact checked by\n
Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

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Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

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Facebook (FB), now Meta Platforms Inc. (META), went public with its initial public offering (IPO) on May 18, 2012. The popular social networking company had one of the largest and most anticipated IPOs in history. FB shares closed at $38.23 on that day, slightly above the $38.00 IPO price.\n

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Key Takeaways

\n
  • Meta (formerly Facebook) has become the dominant social media platform on the planet, with over 2.9 billion monthly active users.
  • The company was founded in 2004 and went public via IPO on May 18, 2012 with a share price of $38.
  • The price dropped to under $18 a share early on before rising to where it is in 2023, with a market cap of around half a trillion dollars.
\n
\n
\n

Facebook's IPO Failed to Meet Expectations

\n

Facebook made its long-awaited filing for an initial public offering with the Securities and Exchange Commission (SEC) on Feb. 1, 2012. Facebook stated before its initial public offering that it had a net income of $1 billion in 2011, which was an increase of 65% from 2010. The company also stated it had 845 million monthly active users and 483 million daily active users as of Dec. 31, 2011.\n

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Facebook held its initial public offering on May 18, 2012 and it was the largest technology IPO in U.S. history at that time. Facebook offered 421,233,615 shares for $38 per share and raised $16 billion through that offering, a record at the time.\n

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Expectations were sky high with all the hype surrounding the social media giant's IPO. But it became apparent almost immediately that the results were going to be lower than expected. The stock fell right at opening, and share prices plummeted more than 40% over the next several months. Losses totaled $50 billion by August 2012.\n

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A lot of the lack of confidence in the stock came from within because 57% of the shares sold in the IPO were from Facebook insiders. Another factor in the stock's falling price was the decision by General Motors to pull $10 million in advertising from Facebook due to ineffectiveness.\n

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Facebook Inc. officially changed its company name to Meta Platforms Inc. on Oct. 21, 2021. Its stock ticker subsequently changed from FB to META.

\n

NASDAQ Glitch Cost Investors

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Facebook's initial IPO price was raised to between $35 and $38 just before going public. Heavy demand was cited. But a glitch in NASDAQ\u2019s electronic trading system delayed some investors from selling the stock on its first day of trading when the stock price fell. Investors stuck with huge losses sued, and NASDAQ eventually paid a $10 million fine over the botched IPO debacle.\n

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Facebook focused heavily on its mobile platform in the years following its IPO, which helped boost the company's revenue. Meta Platforms now joins other tech giants with a $500 billion or more market capitalization via acquisitions of popular social networking platforms like WhatsApp and Instagram.\n

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Leading Up to the IPO

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Facebook was initially launched as a platform for Harvard students, but it expanded and gained close to a million registered users by 2004. Anyone who was at least 13 years old could then sign up. But Facebook\u2019s skyrocketing debut was marred in 2004 when Divya Narendra, Cameron Winklevoss and Tyler Winklevoss sued Mark Zuckerberg, alleging that Zuckerberg stole the Facebook idea from them while they were all students at Harvard. The suit was settled for $65 million in 2008.\n

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Zuckerberg was initially opposed to taking Facebook public but the platform had become too big to be maintainable as it was and it had too many shareholders.\n

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Meta (formerly Facebook) has become the dominant social media platform on the planet, with over 2.93 billion monthly active users worldwide as of 2022.

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Facebook's Funding History

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Funding is an ongoing process. A company must go through several stages of funding before it can open an IPO.\n

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Facebook\u2019s first significant funding was $500,000 from Peter Thiel just after Facebook was incorporated. This was followed by $12.7 million from Accel Partners, then $27.5 million from Greylock Partners and Meritech Capital in 2005. Facebook then raised approximately $240 million from Microsoft. It reached the shareholder threshold beyond which it couldn\u2019t remain a public company.
\n

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Facebook's Top Shareholders

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Mark Zuckerberg owned more than 831,706 Class A shares and more than 349,745,790 million Class B shares in 2022, according to Meta\u2019s annual report filed with the U.S. Securities and Exchange Commission.\n

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Sheryl K. Sandberg held 1,497,582 Class A shares at the time of the report, followed by Christopher K. Cox with 374,153 Class A shares. Rounding out the top five shareholders were Javier Olivan with 110,332 Class A shares and David M. Wehner with 107,119 shares.\n

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Sandberg was Facebook\u2019s chief operating officer before Olivan took the role in 2022. Cox is the company\u2019s chief products officer, and Wehner served as chief financial officer through October 2022.
\n

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If You Had Invested in Facebook After Its IPO

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You would have 26.3 shares ($1,000 divided by $38) if you had been able to purchase one thousand dollars worth of shares at $38. Shares of Facebook Incorporated closed at around $232 on May 5, 2023. Your shares would therefore be worth $6,101 for a 610% gain.\n

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But Facebook's shares didn't staircase higher for a period initially following the IPO. Instead, the stock slumped over $20 from the IPO price to just $17.55 per share on Sept. 4, 2012. Your return on investment would have been -53.82% at this low. Some analysts and traders believed the company was\u00a0overvalued\u00a0and the IPO was priced too high, which led to the crash.\n

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What Was Facebook's All-time High?

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Facebook's stock closed at an all-time high on Sept. 10, 2021 as of May 5, 2023, reaching a price of $378.69.

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Has Facebook Stock Split?

\n

No, Facebook (Meta) has not yet had a stock split.

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\n

What Was the Largest IPO of All Time?

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The largest IPO is the oil giant Saudi Aramco, which raised an astounding $25.6 billion when it went public on Dec. 5, 2019.

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The Bottom Line

\n

The tech giant's IPO got off to a rocky start, but the company turned the tide and has seen significant growth in the years since. Meta should continue to be a dominant player in the tech and social media industries with strategic acquisitions such as Instagram and WhatsApp, with a stock price that is expected to continue growing.\n

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Article Sources
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Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our\neditorial policy.
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    \n

  1. U.S. Securities and Exchange Commission. "Form S-1 Registration Statement: Facebook, Inc."

    2. \n

  2. U.S. Securities and Exchange Commission. "Form 10-K: Facebook, Inc."

    3. \n

  3. U.S. Securities and Exchange Commission. "NASDAQ Stock Market, LLC and NASDAQ Execution Services, LLC," Pages 4.

    4. \n

  4. History. "Facebook Raises $16 Billion in Largest Tech IPO in U.S. History."

    5. \n

  5. New York Times. "Facebook Renames Itself Meta."

    6. \n

  6. U.S. Securities and Exchange Commission. "Filed Pursuant to Rule 424(b)(4)," Page 79.

    7. \n

  7. U.S. Securities and Exchange Commission. "SEC Charges NASDAQ for Failures During Facebook IPO."

    8. \n

  8. CNET. "Three Reasons Facebook Has to Go Public."

    9. \n

  9. Statista. "Facebook MAU Worldwide."

    10. \n

  10. Eqvista. "Facebook Initial Public Offering: All You Need to Know."

    11. \n

  11. U.S. Securities and Exchange Commission. "Schedule 14A Information/Meta Platforms, Inc."

    12. \n

  12. Meta Platforms. "Investor Relations - Historical Price Look Up."

    13. \n

  13. Meta Platforms. "Investor Relations - Investment Calculator."

    14. \n

  14. Saudi Aramco. "The Arabian Sun," Page 2.

    15. \n
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The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
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Related Terms
\n
Mark Zuckerberg: Founder and CEO of Meta (formerly Facebook)\n
Mark Zuckerberg is a self-made billionaire and the CEO of Meta (formerly Facebook), which he co-founded in his dorm room in 2004.
\nmore
\n
Oversubscribed: Definition, Example, Costs & Benefits\n
Oversubscribed is when the demand for an IPO or other new issue of securities exceeds the supply being sold.
\nmore
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Hot IPO: What It Means, How It Works, Examples\n
A hot IPO is an initial public offering of strong interest to prospective shareholders such that they stand a reasonable chance of being oversubscribed.
\nmore
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Greenshoe Option\n
A greenshoe option is a provision in an IPO underwriting agreement that grants the underwriter the right to sell more shares than originally planned.
\nmore
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What Is Social Networking?\n
Social networking is the use of internet-based social media platforms to make connections and share various media with friends, family, colleagues, or customers.
\nmore
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Primary Market: Definition, Types, Examples, and Secondary\n
A primary market is a market that issues new securities on an exchange, facilitated by underwriting groups and consisting of investment banks.
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\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "7 Recent and Upcoming IPOs to Watch in 2024 | Investing | U.S. News", + "page_url": "https://money.usnews.com/investing/articles/best-stocks-ipo-this-year", + "page_snippet": "After two years of headwinds, initial public offerings are starting to pick up steam.The company noted a 20% revenue gain for 2023 in the filing, and it is seeking at least a $5 billion IPO valuation. That figure is much lower than the $10 billion at which Reddit was valued in a funding round in 2021. Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users. Another reason is that this will be the first social media IPO since Pinterest Inc. (PINS) made its public debut in 2019. Still another is its stats: 100,000 active communities, 73.1 million average daily active users and a current estimated addressable advertising market of $1 trillion. Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users. \"Reddit is expected to IPO sometime next month and will be highly sought after for a few reasons,\" says Deiya Pernas, chartered financial analyst and co-founder of Pernas Research in San Juan, Puerto Rico. \"It has been long anticipated and is recognized as a large social media platform with multiple avenues for continued growth.\" Instacart, officially known as Maplebear Inc., finds itself in \"reset\" mode five months after its IPO rolled out. On Feb. 13, the online grocery-delivery company announced it was laying off 7% of its staff and saw its chief technology officer and chief operating officer leave the company. CART's share price certainly hasn't suffered.", + "page_result": "\n \n\n \n \n\n \n \n \n \n \n\n\n 7 Recent and Upcoming IPOs to Watch in 2024 | Investing | U.S. News\n\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n \n \n \n\n
\n\n

7 Recent and Upcoming IPOs to Watch in 2024

After two years of headwinds, initial public offerings are starting to pick up steam.

By Brian O'Connell
|
Reviewed by Rachel McVearry
|
Feb. 28, 2024
|
By Brian O'Connell
|
Reviewed by Rachel McVearry
|
Feb. 28, 2024, at 3:31 p.m.
\"U.S.

7 Recent and Upcoming IPOs

More
\"Cropped

Getty Images

Experts say the economy is in a good spot and interest rates will begin to fall sooner than later.

Optimism is rising over the U.S. initial public offering market after a couple of years of significant decline.

There were 128 U.S. initial public offerings in 2023, with a cash value of $22.6 billion, according to Ernst & Young. Although it was a slow year for IPOs compared with 2021, it was a step up from 2022, which saw only 90 IPOs with $8.6 billion in total IPO proceeds. Also, several high-profile deals late in 2023 showed that investors are willing to get behind the right companies, Ernst & Young reports.

Signs of economic life are sprouting as market mavens wonder if the Federal Reserve will pivot and start cutting interest rates after 11 consecutive rate hikes from March 2022 to July 2023.

Related:

Sign up for stock news with our Invested newsletter.

\"The biggest factors facing the IPO market right now are interest rates and the success of the slew of IPOs planned for the first quarter of 2024,\" says Gregory Sichenzia, founding partner at Sichenzia Ross Ference Carmel, a New York City-based securities law firm. \"While it's taken the Fed longer to start slashing interest rates (than) expected, the general consensus is still that the economy is very good and that interest rates will fall sooner rather than later.\"

While the IPO market percolates early in 2024, let's take a look at the top recent IPOs as well as the upcoming IPOs that are generating the most buzz this year:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Upcoming/Recent IPOIPO valuation*
Reddit Inc. (ticker: RDDT)$5 billion
Shein$45 billion
Panera Brands$7.5 billion**
Skims$4 billion
Birkenstock Holding PLC (BIRK)$8.6 billion
Maplebear Inc. (Instacart) (CART) $9.9 billion
Arm Holdings PLC (ARM)$54.5 billion

*Estimates for Reddit, Shein, Panera Brands and Skims; others are initial valuations on a fully diluted basis at the time of the IPO.
**Based on 2017 acquisition price.

Reddit Inc. (RDDT)

IPO valuation: $5 billion

The Reddit IPO had been stuck in a holding pattern, but on Feb. 22, the digital-message-board company filed paperwork to finally sell shares to investors. The company noted a 20% revenue gain for 2023 in the filing, and it is seeking at least a $5 billion IPO valuation. That figure is much lower than the $10 billion at which Reddit was valued in a funding round in 2021.

Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users.

\"Reddit is expected to IPO sometime next month and will be highly sought after for a few reasons,\" says Deiya Pernas, chartered financial analyst and co-founder of Pernas Research in San Juan, Puerto Rico. \"It has been long anticipated and is recognized as a large social media platform with multiple avenues for continued growth.\"

Another reason is that this will be the first social media IPO since Pinterest Inc. (PINS) made its public debut in 2019. Still another is its stats: 100,000 active communities, 73.1 million average daily active users and a current estimated addressable advertising market of $1 trillion.

Reddit plans to trade on the New York Stock Exchange under the ticker RDDT.

READ:

8 Best Income ETFs to Buy in 2024

Shein

IPO valuation: $45 billion

In early December, word leaked that Chinese digital fashion brand Shein had filed confidential paperwork with the U.S. Securities and Exchange Commission to go public, presumably in early 2024. That scenario hit a snag as the SEC reportedly is holding up the Shein IPO over its operations in China, according to Bloomberg. The situation is so dire that Shein is reportedly considering moving its IPO to London or Singapore.

Florida Sen. Marco Rubio has lobbied the SEC to halt the U.S. IPO in New York until the retailer comes clean with business operations disclosures, with forced labor being a big issue. Shein must address \"the serious risks of doing business\" in China, Rubio stated in a Feb. 15 letter to SEC Chair Gary Gensler, as reported by Reuters.

\"Shein's IPO was heavily anticipated, and the SEC news is likely to cause a stir,\" Pernas says. There's no word on when or even if the SEC will change course and greenlight Shein's U.S. IPO.

Panera Brands

IPO valuation: $7.5 billion

Another U.S. IPO that remains in limbo is Panera Brands, owner of iconic food brands like Panera Bread, Caribou Coffee and Einstein Bros. Bagels. The company filed for an IPO in late 2023, but company officials remain mum on the IPO date.

JAB Holding Co. \u2013 former owner of Au Bon Pain and current owner of Krispy Kreme Inc. (DNUT) \u2013 purchased Panera Brands for $7.5 billion, and it has been held as a private company since 2017.

\"Panera's public offering will not only reflect its market positioning but also serve as an indicator of investor sentiment toward the food and beverage sector,\" says Seth Farbman, chairman and co-founder of Vstock Transfer, an SEC-registered stock transfer agency.

Despite rising food prices, U.S. restaurant sales should crest $1.1 trillion in 2024, according to the National Restaurant Association.

Skims

IPO valuation: $4 billion

Skims co-founder Kim Kardashian has had a major influence on how the inclusive and body-positive direct-to-consumer apparel brand operates.

A case in point: Skims is a rare example of a young retail brand making physical stores a priority. The company is planning a 5,000-square-foot flagship store in Los Angeles and is prepping more U.S. stores in New York and other large cities that attract shoppers from all over the world \u2013 virtually all of whom recognize the Kardashian brand.

The company's valuation stands at $4 billion with an as-yet-unannounced 2024 IPO date. Launched in 2019, Skims is making its IPO case with some big sales numbers, including an estimated $750 million in 2023 revenues, up from $500 million the year before.

Two conditions are prevalent in the IPO scene now: \"First, general market sentiment usually needs to be favorable to create an environment where companies will want to go public,\" Pernas says. \"Additionally, IPOs are influenced by sectors that are hot.\"

Having the Kardashian name on board will help on both fronts. It's as close to \"hot\" as a fashion brand IPO can get.

READ

5 of the Best Stocks to Buy Now

Birkenstock Holding PLC (BIRK)

IPO valuation: $8.6 billion

Birkenstock shares are trading at $51.45 per share as of Feb. 27 \u2013 that's up about 24% over the past three months, following a rough start immediately after BIRK debuted on Oct. 11, 2023, at $41 per share.

Wall Street analysts are marginally bullish on the stock. Robert. W. Baird analyst Mark Altschwager just maintained a \"buy\" call on BIRK with a $54 price target. Telsey Advisory Group is also in on the stock, reiterating its \"buy\" position with a $56 target price.

Birkenstock's financials are looking better, and annual earnings per share may clock in at $1.42 for 2024, according to analysts at William Blair, which is above the consensus estimate of $1.29. The consensus EPS forecast for 2025, however, is $1.71.

Birkenstock is getting more aggressive about selling its consumer products in Asia, where top-line sales currently make up just 10% of the European retailer's revenues.

Maplebear Inc. (Instacart) (CART)

IPO valuation: $9.9 billion

Instacart, officially known as Maplebear Inc., finds itself in \"reset\" mode five months after its IPO rolled out. On Feb. 13, the online grocery-delivery company announced it was laying off 7% of its staff and saw its chief technology officer and chief operating officer leave the company.

CART's share price certainly hasn't suffered. The stock is up 34.5% year to date, a remarkable pivot from its slide from Sept. 19 to Dec. 5, 2023. Its $31.56 share price as of Feb. 27 hovers just above its $30 IPO price.

Revenues are up, too. During the fourth quarter of 2023, company sales rose by 6% to $803 million. Instacart's average order value of $113 in Q4 was also a slight increase from the year before.

Analysts have taken note of CART's turnaround, with advisory firm Stifel Nicolaus issuing a \"buy\" rating with a $44 share-price target. Instacart hasn't commented on rumors of an Uber Technologies Inc. (UBER) buyout, but ownership is talking about its new technology strategy, which includes an AI-powered \"super cart\" for its digital grocery consumer base.

Arm Holdings PLC (ARM)

IPO valuation: $54.5 billion

British chip designer Arm is a clear winner in any recent IPO matchup, returning 83.6% on a year-to-date basis as of Feb. 27 and up 126.1% over the past three months.

The company, 90% of which is owned by Softbank Group Corp. (OTC: SFTBY), is riding Nvidia Corp.'s (NVDA) high-performing coattails (Nvidia currently licenses Arm's chip design). That partnership has helped boost Arm's stock, especially after Nvidia posted monster results and guidance for the fourth quarter of 2023, with revenues up 265% from Q4 2022.

In its most recent quarter, Arm also beat consensus analyst estimates. Hans Mosesmann, an analyst with Rosenblatt Securities, recently held his \"buy\" rating on the stock and raised his price target to $180 per share from $140. Mosesmann cited Arm's AI-fueled royalty growth along with a robust product-licensing strategy as big reasons for its success.

Nobody's saying Arm is the next Nvidia. As such, investors should take heed, weigh the stock's sky-high valuation and lack of profit growth to date, and invest accordingly \u2013 preferably with the help of a trusted financial advisor.

 

Should You Buy Arm (ARM) Stock?

Despite the hype surrounding one of the year's biggest IPOs, analysts aren't convinced ARM is a buy.

Wayne DugganSept. 25, 2023

\"Close

Updated on Feb. 28, 2024: This story was previously published at an earlier date and has been updated with new information.

Tags: Reddit, Panera Bread, investing, money, Instacart, IPOs, business, stock market, NYSE

\n Comparative assessments and other editorial opinions are those of U.S. News\n and have not been previously reviewed, approved or endorsed by any other\n entities, such as banks, credit card issuers or travel companies. The content\n on this page is accurate as of the posting date; however, some of our partner offers may have expired.\n

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\n\n
\n\n \n \n \n\n \n \n \n ", + "page_last_modified": "" + }, + { + "page_name": "7 Recent and Upcoming IPOs to Watch in 2024 | Investing | U.S. News", + "page_url": "https://money.usnews.com/investing/articles/best-stocks-ipo-this-year", + "page_snippet": "After two years of headwinds, initial public offerings are starting to pick up steam.The company noted a 20% revenue gain for 2023 in the filing, and it is seeking at least a $5 billion IPO valuation. That figure is much lower than the $10 billion at which Reddit was valued in a funding round in 2021. Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users. Another reason is that this will be the first social media IPO since Pinterest Inc. (PINS) made its public debut in 2019. Still another is its stats: 100,000 active communities, 73.1 million average daily active users and a current estimated addressable advertising market of $1 trillion. Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users. \"Reddit is expected to IPO sometime next month and will be highly sought after for a few reasons,\" says Deiya Pernas, chartered financial analyst and co-founder of Pernas Research in San Juan, Puerto Rico. \"It has been long anticipated and is recognized as a large social media platform with multiple avenues for continued growth.\" Instacart, officially known as Maplebear Inc., finds itself in \"reset\" mode five months after its IPO rolled out. On Feb. 13, the online grocery-delivery company announced it was laying off 7% of its staff and saw its chief technology officer and chief operating officer leave the company. CART's share price certainly hasn't suffered.", + "page_result": "\n \n\n \n \n\n \n \n \n \n \n\n\n 7 Recent and Upcoming IPOs to Watch in 2024 | Investing | U.S. News\n\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n \n \n \n\n
\n\n

7 Recent and Upcoming IPOs to Watch in 2024

After two years of headwinds, initial public offerings are starting to pick up steam.

By Brian O'Connell
|
Reviewed by Rachel McVearry
|
Feb. 28, 2024
|
By Brian O'Connell
|
Reviewed by Rachel McVearry
|
Feb. 28, 2024, at 3:31 p.m.
\"U.S.

7 Recent and Upcoming IPOs

More
\"Cropped

Getty Images

Experts say the economy is in a good spot and interest rates will begin to fall sooner than later.

Optimism is rising over the U.S. initial public offering market after a couple of years of significant decline.

There were 128 U.S. initial public offerings in 2023, with a cash value of $22.6 billion, according to Ernst & Young. Although it was a slow year for IPOs compared with 2021, it was a step up from 2022, which saw only 90 IPOs with $8.6 billion in total IPO proceeds. Also, several high-profile deals late in 2023 showed that investors are willing to get behind the right companies, Ernst & Young reports.

Signs of economic life are sprouting as market mavens wonder if the Federal Reserve will pivot and start cutting interest rates after 11 consecutive rate hikes from March 2022 to July 2023.

Related:

Sign up for stock news with our Invested newsletter.

\"The biggest factors facing the IPO market right now are interest rates and the success of the slew of IPOs planned for the first quarter of 2024,\" says Gregory Sichenzia, founding partner at Sichenzia Ross Ference Carmel, a New York City-based securities law firm. \"While it's taken the Fed longer to start slashing interest rates (than) expected, the general consensus is still that the economy is very good and that interest rates will fall sooner rather than later.\"

While the IPO market percolates early in 2024, let's take a look at the top recent IPOs as well as the upcoming IPOs that are generating the most buzz this year:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Upcoming/Recent IPOIPO valuation*
Reddit Inc. (ticker: RDDT)$5 billion
Shein$45 billion
Panera Brands$7.5 billion**
Skims$4 billion
Birkenstock Holding PLC (BIRK)$8.6 billion
Maplebear Inc. (Instacart) (CART) $9.9 billion
Arm Holdings PLC (ARM)$54.5 billion

*Estimates for Reddit, Shein, Panera Brands and Skims; others are initial valuations on a fully diluted basis at the time of the IPO.
**Based on 2017 acquisition price.

Reddit Inc. (RDDT)

IPO valuation: $5 billion

The Reddit IPO had been stuck in a holding pattern, but on Feb. 22, the digital-message-board company filed paperwork to finally sell shares to investors. The company noted a 20% revenue gain for 2023 in the filing, and it is seeking at least a $5 billion IPO valuation. That figure is much lower than the $10 billion at which Reddit was valued in a funding round in 2021.

Reddit CEO Steve Huffman, citing the \"deep ownership of communities\" on the social media platform, has indicated that 75,000 IPO shares will be set aside for Reddit's most active users.

\"Reddit is expected to IPO sometime next month and will be highly sought after for a few reasons,\" says Deiya Pernas, chartered financial analyst and co-founder of Pernas Research in San Juan, Puerto Rico. \"It has been long anticipated and is recognized as a large social media platform with multiple avenues for continued growth.\"

Another reason is that this will be the first social media IPO since Pinterest Inc. (PINS) made its public debut in 2019. Still another is its stats: 100,000 active communities, 73.1 million average daily active users and a current estimated addressable advertising market of $1 trillion.

Reddit plans to trade on the New York Stock Exchange under the ticker RDDT.

READ:

8 Best Income ETFs to Buy in 2024

Shein

IPO valuation: $45 billion

In early December, word leaked that Chinese digital fashion brand Shein had filed confidential paperwork with the U.S. Securities and Exchange Commission to go public, presumably in early 2024. That scenario hit a snag as the SEC reportedly is holding up the Shein IPO over its operations in China, according to Bloomberg. The situation is so dire that Shein is reportedly considering moving its IPO to London or Singapore.

Florida Sen. Marco Rubio has lobbied the SEC to halt the U.S. IPO in New York until the retailer comes clean with business operations disclosures, with forced labor being a big issue. Shein must address \"the serious risks of doing business\" in China, Rubio stated in a Feb. 15 letter to SEC Chair Gary Gensler, as reported by Reuters.

\"Shein's IPO was heavily anticipated, and the SEC news is likely to cause a stir,\" Pernas says. There's no word on when or even if the SEC will change course and greenlight Shein's U.S. IPO.

Panera Brands

IPO valuation: $7.5 billion

Another U.S. IPO that remains in limbo is Panera Brands, owner of iconic food brands like Panera Bread, Caribou Coffee and Einstein Bros. Bagels. The company filed for an IPO in late 2023, but company officials remain mum on the IPO date.

JAB Holding Co. \u2013 former owner of Au Bon Pain and current owner of Krispy Kreme Inc. (DNUT) \u2013 purchased Panera Brands for $7.5 billion, and it has been held as a private company since 2017.

\"Panera's public offering will not only reflect its market positioning but also serve as an indicator of investor sentiment toward the food and beverage sector,\" says Seth Farbman, chairman and co-founder of Vstock Transfer, an SEC-registered stock transfer agency.

Despite rising food prices, U.S. restaurant sales should crest $1.1 trillion in 2024, according to the National Restaurant Association.

Skims

IPO valuation: $4 billion

Skims co-founder Kim Kardashian has had a major influence on how the inclusive and body-positive direct-to-consumer apparel brand operates.

A case in point: Skims is a rare example of a young retail brand making physical stores a priority. The company is planning a 5,000-square-foot flagship store in Los Angeles and is prepping more U.S. stores in New York and other large cities that attract shoppers from all over the world \u2013 virtually all of whom recognize the Kardashian brand.

The company's valuation stands at $4 billion with an as-yet-unannounced 2024 IPO date. Launched in 2019, Skims is making its IPO case with some big sales numbers, including an estimated $750 million in 2023 revenues, up from $500 million the year before.

Two conditions are prevalent in the IPO scene now: \"First, general market sentiment usually needs to be favorable to create an environment where companies will want to go public,\" Pernas says. \"Additionally, IPOs are influenced by sectors that are hot.\"

Having the Kardashian name on board will help on both fronts. It's as close to \"hot\" as a fashion brand IPO can get.

READ

5 of the Best Stocks to Buy Now

Birkenstock Holding PLC (BIRK)

IPO valuation: $8.6 billion

Birkenstock shares are trading at $51.45 per share as of Feb. 27 \u2013 that's up about 24% over the past three months, following a rough start immediately after BIRK debuted on Oct. 11, 2023, at $41 per share.

Wall Street analysts are marginally bullish on the stock. Robert. W. Baird analyst Mark Altschwager just maintained a \"buy\" call on BIRK with a $54 price target. Telsey Advisory Group is also in on the stock, reiterating its \"buy\" position with a $56 target price.

Birkenstock's financials are looking better, and annual earnings per share may clock in at $1.42 for 2024, according to analysts at William Blair, which is above the consensus estimate of $1.29. The consensus EPS forecast for 2025, however, is $1.71.

Birkenstock is getting more aggressive about selling its consumer products in Asia, where top-line sales currently make up just 10% of the European retailer's revenues.

Maplebear Inc. (Instacart) (CART)

IPO valuation: $9.9 billion

Instacart, officially known as Maplebear Inc., finds itself in \"reset\" mode five months after its IPO rolled out. On Feb. 13, the online grocery-delivery company announced it was laying off 7% of its staff and saw its chief technology officer and chief operating officer leave the company.

CART's share price certainly hasn't suffered. The stock is up 34.5% year to date, a remarkable pivot from its slide from Sept. 19 to Dec. 5, 2023. Its $31.56 share price as of Feb. 27 hovers just above its $30 IPO price.

Revenues are up, too. During the fourth quarter of 2023, company sales rose by 6% to $803 million. Instacart's average order value of $113 in Q4 was also a slight increase from the year before.

Analysts have taken note of CART's turnaround, with advisory firm Stifel Nicolaus issuing a \"buy\" rating with a $44 share-price target. Instacart hasn't commented on rumors of an Uber Technologies Inc. (UBER) buyout, but ownership is talking about its new technology strategy, which includes an AI-powered \"super cart\" for its digital grocery consumer base.

Arm Holdings PLC (ARM)

IPO valuation: $54.5 billion

British chip designer Arm is a clear winner in any recent IPO matchup, returning 83.6% on a year-to-date basis as of Feb. 27 and up 126.1% over the past three months.

The company, 90% of which is owned by Softbank Group Corp. (OTC: SFTBY), is riding Nvidia Corp.'s (NVDA) high-performing coattails (Nvidia currently licenses Arm's chip design). That partnership has helped boost Arm's stock, especially after Nvidia posted monster results and guidance for the fourth quarter of 2023, with revenues up 265% from Q4 2022.

In its most recent quarter, Arm also beat consensus analyst estimates. Hans Mosesmann, an analyst with Rosenblatt Securities, recently held his \"buy\" rating on the stock and raised his price target to $180 per share from $140. Mosesmann cited Arm's AI-fueled royalty growth along with a robust product-licensing strategy as big reasons for its success.

Nobody's saying Arm is the next Nvidia. As such, investors should take heed, weigh the stock's sky-high valuation and lack of profit growth to date, and invest accordingly \u2013 preferably with the help of a trusted financial advisor.

 

Should You Buy Arm (ARM) Stock?

Despite the hype surrounding one of the year's biggest IPOs, analysts aren't convinced ARM is a buy.

Wayne DugganSept. 25, 2023

\"Close

Updated on Feb. 28, 2024: This story was previously published at an earlier date and has been updated with new information.

Tags: Reddit, Panera Bread, investing, money, Instacart, IPOs, business, stock market, NYSE

\n Comparative assessments and other editorial opinions are those of U.S. News\n and have not been previously reviewed, approved or endorsed by any other\n entities, such as banks, credit card issuers or travel companies. The content\n on this page is accurate as of the posting date; however, some of our partner offers may have expired.\n

Read More

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Subscribe to our daily newsletter to get investing advice, rankings and stock market news.

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\n\n
\n\n \n \n \n\n \n \n \n ", + "page_last_modified": "" + } + ] +} \ No newline at end of file