2 Excellent Tech Stocks to Buy For the Long Haul
The technology sector evolves rapidly, and companies that are unable to innovate -- or have no economic moat -- often end up being left behind. So, to find tech companies that can provide solid returns over the long run, investors have to look for companies that can innovate or have a competitive advantage.
That sounds simple enough, but corporations that display one or both characteristics can sometimes be hard to find. However, they do exist, and here are two examples: Meta Platforms (NASDAQ: META) and Airbnb (NASDAQ: ABNB). Both of these tech leaders are worth investing in for the long haul. Let me explain.
Meta Platforms was a social media pioneer with Facebook, but the company's portfolio of websites and apps now includes Messenger, WhatsApp, and Instagram. The tech giant benefits from a solid competitive edge from multiple sources.
Source Fool.com
Meta Platforms Inc. Stock
With 9 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 16.17% for Meta Platforms Inc. compared to the current price of 430.4 €.
