Is Meta Platforms Stock a Buy Now?
With the Nasdaq Composite in record territory, driven by the dominance of a handful of major tech stocks, investors might be wondering if there are any good deals in the market today. I'm here to tell you that indeed there are some solid opportunities.
One of them is none other than Meta Platforms (NASDAQ: META). The social media specialist has seen its shares skyrocket 277% just in the past 18 months. Even so, it still looks like a stock to add to your portfolio. Here's why.
With 3.98 billion monthly active users across its family of apps (including Facebook, Messenger, WhatsApp, and Instagram), Meta has reach that puts it in a league of its own. Putting that user base into perspective, nearly half of the world's population interacts with a Meta service at least once per month.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.55% compared to the current price of 429.0 € for Meta Platforms Inc..
