Is It Too Late to Buy Meta Platforms Stock?
Meta Platforms (NASDAQ: META) appears to be back in the good graces of Wall Street after its stock price recently surpassed all-time highs set back in mid-2021. Investors piled back into the stock following the release of the company's fourth-quarter and full-year 2023 report. The introduction of a dividend also seemed to improve the sentiment surrounding this stock.
On the other hand, the rising price (it's up 212% in the past year) has made Meta stock increasingly expensive, and investors may lose interest in the dividend when they see what it yields.
While such factors are unlikely to prevent Meta's long-term growth, they could contribute to returns that fail to beat the S 500 -- at least in the near term. Here's why.
Source Fool.com
Meta Platforms Inc. Stock
€429.00
2.510%
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 16.55% for Meta Platforms Inc. compared to the current price of 429.0 €.
