Meta vs. Reddit: Which Is the Better Social Media Stock?
What a year 2024 has been for the social media industry. TikTok faces a potential U.S. ban. Reddit (NYSE: RDDT) executed an initial public offering (IPO). Facebook parent Meta Platforms (NASDAQ: META) saw its stock price nearly double from a 52-week low of $274.38 last August to a high of $542.81 in July.
Meta's performance illustrates social media stocks' potential to deliver spectacular returns. But given the stock's recent run-up, is it too late to invest in Meta? Perhaps Reddit is the better choice since its life as a public company is just getting started.
Let's take a look at Meta and Reddit to answer these questions and help you assess which is the better long-term investment in the social media space.
Source Fool.com
Meta Platforms Inc. Stock
€429.00
2.510%
With 10 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 €.
