3 Things About Meta Platforms That Smart Investors Know
Meta Platforms (NASDAQ: META) stock has been on a consistent march higher for almost all of 2023. Shares of the social media giant have more than doubled since early January, trouncing the 30% rally in the Nasdaq Composite index and putting shareholders closer to the all-time highs they saw back in late 2021.
That rally will be tested in a few weeks when Meta Platforms announces its fiscal Q2 earnings results. But in preparation for that report, let's take a look at a few characteristics of this stock that many investors may not know.
The best news out of Meta Platforms' late April quarterly announcement was that growth rates appear to have stabilized following a tough period for the business. Sales rose 3% through late March compared to a 1% decline in the full 2022 fiscal year.
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 14.81% for Meta Platforms Inc. compared to the current price of 435.5 €.
