In the Past 3 Years, Meta Platforms Lost $42 Billion in This Under-the-Radar Segment. Should You Still Buy the Unstoppable "Magnificent Seven" Stock?
Meta Platforms (NASDAQ: META) has been crushing it for investors in recent times. In the past three years, shares have soared 47% as of April 25. That gain is significantly better than the Nasdaq Composite Index's 11% rise during the same time.
This social media enterprise continues to post stellar financial results, indicating its dominance in the digital advertising market on a global scale. But shareholders might be surprised to learn that the business has posted a cumulative operating loss of $42 billion in the past 12 quarters in an under-the-radar segment you might not be familiar with.
Is this unstoppable "Magnificent Seven" stock still a buy?
Source Fool.com
Meta Platforms Inc. Stock
€446.95
-0.150%
With 10 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 11.87% for Meta Platforms Inc. compared to the current price of 446.95 €.
