Meta Platforms Stock: Buy at the High?
Things are looking up for Meta Platforms (NASDAQ: META). The company had a rough go of it last year on the stock market, but it has been on fire since 2023 started.
Meta Platforms' latest quarterly update added even more fuel to that fire, with its shares soaring on the heels of its first-quarter earnings. Meta Platforms now finds itself closing in on its 52-week high. Should investors still consider buying the stock at these levels?
Meta Platforms' earnings report was not exactly stellar, and certainly not on par with the kinds of results investors were once used to. But in light of what the company endured over the past year, Meta's latest update was a step in the right direction. The company's revenue increased by 3% year over year to $28.6 billion.
Source Fool.com
Meta Platforms Inc. Stock
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 €.
