Trading Near Its All-Time High, Is Meta Platforms Stock Still a Good Buy?
After soaring an incredible 194% in 2023, shares of Meta Platforms (NASDAQ: META) are continuing to rise even higher this year, with the social media stock up another 47% since January. Meta has been one of the hottest tech stocks to own over the past couple of years and its valuation now sits at around record levels, with a market cap of more than $1.3 trillion.
Meta owns some popular social media applications in WhatsApp, Facebook, and Instagram. But is the stock's current valuation justifiable, and can it go even higher, or has it reached a peak?
The bullish case for Meta Platforms is that with an impressive 3.3 billion daily active people, it possesses a lot of value for marketers who are trying to reach a certain target market.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 8 Buy predictions and 2 Sell predictions.
As a result the target price of 515 € shows a slightly positive potential of 12.01% compared to the current price of 459.8 € for Meta Platforms Inc..
