Meta Platforms Is Up 40% This Year. Here's Why It's Still a Fantastic Buy
The average return of the S 500 over the long term is about 10% per year. So, many times, when a stock returns 40% or more within a year, investors will immediately throw up their red flags. Some will sell, and others refuse to buy, but looking solely at the stock's return is a terrible way to judge whether it's a buy.
If you do that, you'll miss out on many of the market's biggest winners: Nvidia and Super Micro Computer have had an amazing run since the start of 2023; yet, if you sold when you were up 40%, you missed out on massive, portfolio-changing returns.
Meta Platforms (NASDAQ: META) is in this boat as well. The stock is up 40% in 2024 and over 300% since the start of 2023. But despite that success, I think it still has room for more.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 13 Buy predictions and 2 Sell predictions.
As a result the target price of 530 € shows a positive potential of 27.96% compared to the current price of 414.2 € for Meta Platforms Inc..
