Meta Platforms Is the Best-Performing FAANG Stock This Year. Can It Still Be Bought?
Considering its terrible business performance in 2022, you probably wouldn't have believed me if I had told you that Meta Platforms (NASDAQ: META) would start 2023 as the best-performing FAANG stock. Still, year to date, its stock has outperformed every other FAANG stock by almost doubling, up 93%. The next best-performing FAANG stock was Apple (NASDAQ: AAPL), which is up only 33%.
What's impressive is that, despite the colossal stock run so far in 2023, many Wall Street analysts believe Meta stock still has at least 20% more upside from current prices. So should you buy the stock today?
Let's see if we can answer that question.
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 €.
