2 Soaring Stocks to Buy and Hold for 10 Years
With a bull market in full swing, plenty of companies have seen their share prices increase significantly over the past year. However, some of those market-beating stocks have plenty of upside left. That means they remain attractive, especially for investors focused on the long game. Let's look at two examples: Meta Platforms (NASDAQ: META) and Spotify Technology (NYSE: SPOT). These two tech leaders have been flying high lately, but it's not too late to get in on the party.
Facebook parent company Meta Platforms started the year with a bang. The company knocked it out of the park with its fourth-quarter earnings report and then announced it was initiating a quarterly dividend -- music to investors' ears. One major driving force behind Meta's results was a rebound in the advertising market.
Ad revenue in the fourth quarter rose by almost 24% year over year to $38.7 billion after making little progress between late 2022 and mid 2023. Total revenues came in at $40.1 billion, an increase of 25% year over year. But Meta Platforms has also been implementing key moves that have helped it fine-tune the advertising business.
Source Fool.com
Meta Platforms Inc. Stock
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 530 € there is a positive potential of 27.96% for Meta Platforms Inc. compared to the current price of 414.2 €.
