Wall Street Thinks Meta Platforms Has Only 25% Upside. Here's Why It's Wrong.
Meta Platforms (NASDAQ: META), formerly known as Facebook, has taken shareholders on quite the roller-coaster ride. After losing 64% of its value in 2022, it's up 150% in 2023. That puts it 10% below where it entered 2022, but with the average Wall Street price target of $380, analysts believe it will set a new all-time high within the next year.
A 25% upside may seem like a great return for investors. But I think Wall Street is wrong in this case. I actually think there is greater upside to Meta Platforms' stock.
Meta changed its name to convey to investors that it is much more than a social media company, but in reality it is still just a social media company with an expensive hobby. Its family of apps (Facebook, Instagram, Messenger, WhatsApp, and the recently launched Threads) is a fantastic business when advertising revenue is plentiful. But over the past year and a half, businesses have curtailed their advertising spending in preparation for a potential recession. While those fears aren't completely subdued yet, customers are feeling more optimistic and advertising revenue is on the rebound.
Source Fool.com
Meta Platforms Inc. Aktie
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.
