Where Will Facebook Be in 5 Years?
Five years is a long time, and predicting the future path for a social media giant like Facebook (NASDAQ: FB) is fraught with uncertainties as it is with any company.
Facebook has succeeded in getting a significant percentage of the world's population on its platform. However, that level of success naturally leads to questions as to whether investors can continue to friend this communication stock over the long term. Nonetheless, the company has moved into other tech niches that could ensure its growth for another five years, and perhaps beyond.
Indeed, the near-term outlook for Facebook could bring an increasing number of likes. Although the company declined to give earnings guidance in its second-quarter 2020 report issued in late July, it believes year-over-year ad revenue will grow by about 10% in the upcoming quarter. Also, analysts expect profits to rise by 25% this year and by 27% in fiscal 2021. Facebook also maintains a base of 3.1 billion monthly active users, an increase of 12% over the last year.
Source Fool.com
