Has Meta Platforms Turned Things Around?
Meta Platforms (NASDAQ: META) is a stock that's picking up steam again. Fresh off a strong earnings report that beat expectations, the company is back in the good graces of investors, at least for the time being. After the latest round of layoffs and cost-cutting, has the company become a better investment, and is the stock heading for even greater gains?
Meta Platforms has been struggling in recent quarters to generate any growth whatsoever. A softening economy has resulted in weak demand for ads, which has made it difficult for Meta and other social media companies to keep their top lines from falling. But when Meta reported its latest earnings numbers on April 26, the business delivered a surprise: Sales of $28.6 billion for the first three months of the year were up 3% from the prior-year period and came in better than analyst expectations.
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 €.
