Meta Platforms Stock Is a Buy on Solid Earnings and AI Potential
Meta Platforms (NASDAQ: META) had a rough 2022. Rising interest rates, a poor ad market, and increased competition forced the company to lay off thousands of employees; the stock price plummeted 64%.
But in 2023, Meta is on the rebound. The company's stock price is up 163% since Jan. 1, and it is reporting strong financial results.
The company made significant changes to its business, including churning out many new products and services like Threads, an app similar to Twitter (recently renamed X), and Reels, a promising short-form video platform. The improvements made by the company over the last year have not gone unnoticed by bullish investors, who eagerly anticipate the positive impact on the company's bottom line. Overall, there is a sense of optimism surrounding the company's trajectory.
Source Fool.com
Meta Platforms Inc. Stock
Currently there is a rather positive sentiment for Meta Platforms Inc. with 14 Buy predictions and 4 Sell predictions.
With a target price of 610 € there is a slightly positive potential of 4.56% for Meta Platforms Inc. compared to the current price of 583.4 €.
