Is Meta Platforms Stock a Buy Now?
The terrible market environment in 2022, coupled with investor pessimism surrounding founder and CEO Mark Zuckerberg's metaverse ambitions, hurt Meta Platforms (NASDAQ: META) that year. Share prices fell an eye-watering 64% in 2022.
This top social media stock has been on an absolute tear since that 2022 low thanks to strong financial results and a raging bull market. As a result, the stock price has skyrocketed 321% since the end of 2022. And yet, even with that sizeable stock price performance, the shares still look like a smart buy today.
Here's why.
Source Fool.com
Meta Platforms Inc. Stock
€414.20
0.690%
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 €.
