Is It Too Late to Buy Meta Platforms Stock?
Meta Platforms (NASDAQ: META) stock has been on a tear in 2023, with shares up roughly 125%, or more than 8 times the gains of the S 500. This is in stark contrast to 2022, when the stock cratered over 64%.
The blistering move higher this year came as the social media titan returned to growth, with its rebound further fueled by the fervor surrounding all things artificial intelligence (AI).
This leaves investors who sat out Meta Platforms' current rally with a conundrum. Should they buy with the expectation of additional gains, or avoid the stock because of its lofty valuation and the remaining uncertainty regarding digital advertising? Let's take a closer look.
Source Fool.com
Meta Platforms Inc. Stock
€441.30
1.580%
We see a rather positive sentiment for Meta Platforms Inc. with 9 Buy predictions and 2 Sell predictions.
As a result the target price of 505 € shows a slightly positive potential of 14.43% compared to the current price of 441.3 € for Meta Platforms Inc..
