Could Meta Platforms Stock Help You Become a Millionaire?
Meta Platforms (NASDAQ: META) has been a fantastic investment historically. Despite bouts of gut-wrenching volatility, shares of the tech titan have skyrocketed 1,150% since their initial public offering (IPO) in late 2012. This gain easily outpaces the broader S 500.
Existing shareholders, as well as those who might not have ever owned this "Magnificent Seven" stock, might be wondering if Meta has the potential to make them a millionaire in the future. If getting to a seven-figure net worth is your goal, then continue reading to see if this company's shares deserve a place in your portfolio.
One sign of a great business is the presence of an economic moat, a single trait or combination of traits that protects a company's industry position, while at the same time allowing it to produce strong fundamental performance for extended periods. Meta easily falls into this category.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 7 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 6.0% compared to the current price of 471.7 € for Meta Platforms Inc..
