Where Will Meta Platforms Be in 3 Years?
Earnings season has been brutal for many investors, especially for those who own technology and internet stocks. Even though we are less than three months into 2022, many high-growth stocks are down 30% or more already this year, which can be tough to stomach. Meta Platforms (NASDAQ: FB), the parent company of Facebook, Instagram, WhatsApp, and Oculus, is one of these stocks. Shares are down 40% year to date after the company put out poor guidance for the first quarter and has been hit by the broad market sell-off to start 2022.
If you're thinking of buying the dip on Meta Platforms stock, it might be smart to model out and estimate how big this business could be in a few years. Where will Meta Platforms be three years from now? Let's take a look.
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Source Fool.com