Is Meta Platforms Stock a Buy Now?
The terrible market environment in 2022, coupled with investor pessimism surrounding founder and CEO Mark Zuckerberg's metaverse ambitions, hurt Meta Platforms (NASDAQ: META) that year. Share prices fell an eye-watering 64% in 2022.
This top social media stock has been on an absolute tear since that 2022 low thanks to strong financial results and a raging bull market. As a result, the stock price has skyrocketed 321% since the end of 2022. And yet, even with that sizeable stock price performance, the shares still look like a smart buy today.
Here's why.
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 6.27% compared to the current price of 470.5 € for Meta Platforms Inc..