1 Super Stock Set to Rejoin Apple, Microsoft, Nvidia, Amazon, and Alphabet in the $1 Trillion Club
The $1 trillion club is home to just five companies at the moment:
And there's one company on the brink of rejoining them. Meta Platforms (NASDAQ: META) is the parent of popular social media applications Facebook, Instagram, WhatsApp, and the brand-new Threads. Meta was in the $1 trillion club in 2021, but last year's brutal sell-off in the tech sector wiped out more than 76% of its value from peak to trough.
2023 has been a different story, with the stock rocketing 145% so far, which now values the company at $786 billion. It's still trading below its all-time high, so it will need to rise another 27% or so to enter the $1 trillion club once again, and I think its new Threads platform combined with its recent initiatives in AI hold the keys to getting there. Here's why.
Source Fool.com
Meta Platforms Inc. Stock
With 7 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 6.0% for Meta Platforms Inc. compared to the current price of 471.7 €.
