Will Meta Platforms Be a $2 Trillion Stock by 2030?
Meta Platforms (NASDAQ: META) stock registered stunning gains of 140% in the past year, and this rapid surge has brought its market capitalization to $1.32 trillion. As it stands, the social media giant is now the world's seventh-largest company by market cap.
Another 52% jump in its share price could push Meta Platforms into the $2 trillion club. Let's try to find out if this tech giant could get to that milestone by the end of the decade.
Meta ended 2023 on a solid note. Its fourth-quarter revenue increased 25% year over year to $40.1 billion, while earnings tripled to $5.33 per share. Consensus estimates project a 17.5% increase in the company's revenue in 2024 to $158.5 billion, which will be slightly higher than the 16% top-line growth it clocked in 2023. Also, as the following chart indicates, Meta expects to clock annual revenue growth of 12% in 2025 and 2026 as well.
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 500 € shows a slightly positive potential of 13.74% compared to the current price of 439.6 € for Meta Platforms Inc..
