Will Novo Nordisk Be Worth More Than Meta Platforms by 2030?
Novo Nordisk (NYSE: NVO) is one of the top healthcare companies in the world. It has become a big name thanks to its diabetes and weight-loss products.
Two promising assets it has are Ozempic (for diabetes) and Wegovy (weight loss), which have been highly effective in helping people lose weight. With strong growth opportunities thanks to these drugs, investors have been bullish on its prospects. So far this year, shares of Novo Nordisk rose by more than 45%.
At approximately $450 billion, the healthcare company's market cap is large, but it's not nearly the size of the big tech stocks. Meta Platforms (NASDAQ: META), which owns Facebook and WhatsApp, is worth $900 billion -- double Novo Nordisk's valuation. It has been an even hotter buy this year, rising 190% in value.
Source Fool.com
Meta Platforms Inc. Stock
With 7 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 6.0% for Meta Platforms Inc. compared to the current price of 471.7 €.
