Meta Platforms Was the Best FAANG Stock in 2023. Can It Repeat in 2024?
Over the past decade, the FAANG stocks have represented the pinnacle of tech investing. However, after a terrible 2022, where many of them lost significant value, some wondered if their run was over. 2023 was a sharp reversal of that trend, and many FAANG stocks regained their status as great investments.
The group is made up of these stocks:
None of these five had a better 2023 than Meta, whose stock rose around 170% in 2023. The next-highest performer (Amazon) increased by about 75%, and the worst (Apple) saw shares rise by nearly 50%. So, while none of the companies in this group had a bad year, none are close to Meta Platforms' performance.
Source Fool.com
Meta Platforms Inc. Stock
€432.65
0.850%
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 15.57% for Meta Platforms Inc. compared to the current price of 432.65 €.
