Up 155% This Year, Is Meta Platforms' Stock Still a Good Buy?
Meta Platforms (NASDAQ: META), the company behind Facebook, WhatsApp, and Instagram, has been one of the hottest stocks to own in 2023. The stock is trading up over 155% so far this year, and it has nearly made up for its horrible performance in 2022 when its share price crashed by 64%.
Can this hot stock continue to rise higher, or is Meta Platforms due for some further correction?
The consensus analyst price target for Meta Platforms is just under $320. That's about 4.3% higher than where the stock currently trades. This is even as many brokerages upgraded their guidance for the social media company in recent months.
Source Fool.com
Meta Platforms Inc. Aktie
478,40 €
-2,20 %
Eine Tendenz zu Buy-Einschätzungen bei Meta Platforms Inc., überwiegend gegenüber Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 500 € für Meta Platforms Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 478.4 € hin.
