Will This Be the Next $1 Trillion Company?
The list of $1 trillion companies is thin, as only five U.S. companies are currently above that threshold. But there are also a few companies within striking distance of being worth $1 trillion.
One of those is Meta Platforms (NASDAQ: META), the company formerly known as Facebook. At around a $770 billion valuation, it must gain about 30% more to join the exclusive club. But does that make Meta Platforms a buy?
Meta Platforms splits its business into two primary segments: a family of apps and reality labs. The family of apps division generates revenue from advertising on Facebook, Instagram, Messenger, WhatsApp, and the newly launched Threads app. Reality labs is the metaverse wing, but also includes hardware like the mixed-reality Meta Quest Pro headset.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 7 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 6.39% compared to the current price of 469.95 € for Meta Platforms Inc..
