2 Magnificent Growth Stocks to Buy Right Now
If you can find strong companies that are set to benefit from powerful long-term trends, you can earn a fortune in the stock market. To advance your hunt for these wealth builders, here are two elite businesses that are set to deliver handsome returns to their shareowners in the years ahead.
After a rough stretch, Meta Platforms (NASDAQ: META) is back to its winning ways. The advertising market is recovering, and the social media king is riding the wave to hefty profits.
CEO Mark Zuckerberg deemed 2023 Meta's "year of efficiency." The parent company of Facebook and Instagram went through the painful process of shedding costs via job cuts and other much-needed expense reduction initiatives. Those efforts are now bearing fruit. Meta's sales climbed 16% to $135 billion in 2023, while its net income surged 69% to $39 billion.
Source Fool.com
Meta Platforms Inc. Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 515 € there is a slightly positive potential of 9.47% for Meta Platforms Inc. compared to the current price of 470.45 €.
