Is Meta Platforms Stock a Buy Now?
Meta Platforms (NASDAQ: META) is undoubtedly a leader in the internet economy. It owns popular social media apps -- including Facebook, Instagram, and WhatsApp -- used by billions of people across the globe. What its founder and CEO, Mark Zuckerberg, has accomplished is truly remarkable.
But is this "Magnificent Seven" stock a good investment for your portfolio right now? Here's why I believe it is.
Meta commands about 18% of the global market for digital advertising sales. According to Grand View Research, that industry is expected to see more than 15% annual revenue growth throughout the rest of the decade. This provides a strong tailwind for the business to continue expanding.
Source Fool.com
Meta Platforms Inc. Stock
€482.65
3.440%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 1 Sell predictions.
As a result the target price of 645 € shows a positive potential of 33.64% compared to the current price of 482.65 € for Meta Platforms Inc..
