Where Will Meta Platforms Be in 5 Years?
Of the "Magnificent Seven" stocks, Meta Platforms (NASDAQ: META) delivered the second-best performance in 2023. Its shares soared by 194% last year, behind only Nvidia's 239% gain, and in doing so managed to make up for its disappointing 2022 losses.
That's some strong momentum that was certainly driven by shareholder optimism. But where will the social media juggernaut be in five years?
It's easy for investors to try to focus on things that will change in the future. But I think it's worthwhile not to ignore things that will stay the same. In this case, I'm confident that Meta's social media apps will continue to be the crown jewel of the company.
Source Fool.com