Up 155% This Year, Is Meta Platforms' Stock Still a Good Buy?
Meta Platforms (NASDAQ: META), the company behind Facebook, WhatsApp, and Instagram, has been one of the hottest stocks to own in 2023. The stock is trading up over 155% so far this year, and it has nearly made up for its horrible performance in 2022 when its share price crashed by 64%.
Can this hot stock continue to rise higher, or is Meta Platforms due for some further correction?
The consensus analyst price target for Meta Platforms is just under $320. That's about 4.3% higher than where the stock currently trades. This is even as many brokerages upgraded their guidance for the social media company in recent months.
Source Fool.com