2 Unstoppable "Magnificent Seven" Stocks to Buy and Hold Forever
The so-called "Magnificent Seven" stocks aren't all hype. This group of tech leaders has made it a habit to deliver market-beating returns. That's why they have earned the moniker, and why investors have flocked toward these companies, sending their market caps to stratospheric levels.
But even at these heights, there remain excellent reasons to invest in some members of the "Magnificent Seven." Here are two that I think are worth sticking with over the long haul: Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN).
Meta Platforms has proven that its business is incredibly resilient. Though the company struggled a couple of years ago due to mounting economic troubles, increasing interest rates, and lower advertising spending, Meta Platforms stayed the course and was able to bounce back. Revenue growth increased over the past few quarters, the bottom line got back in the green, and free cash flow is trending up, too.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 15 Buy predictions and 2 Sell predictions.
As a result the target price of 515 € shows a slightly positive potential of 6.1% compared to the current price of 485.4 € for Meta Platforms Inc..
