Is It Too Late to Buy Meta Platforms Stock?
You would be a happy shareholder if you had invested in Meta Platforms (NASDAQ: META) during its 2012 initial public offering (IPO), under its original name, Facebook. The company has delivered a compound annual growth rate of about 23%, much better than the performance of the S 500.
But the bears will point out that Meta Platforms' market capitalization is now well above $1 trillion, which limits its upside potential -- or so the argument goes.
Furthermore, the social media and online advertising markets have become substantially more competitive than they used to be, so it will be difficult for Meta to continue producing market-beating returns. Is it too late to invest in it, or does the tech leader still have enough growth fuel left?
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..
