Here's Why I'm Loading Up on Meta Platforms Stock
Meta Platforms (NASDAQ: META) stock has been on quite a run in 2024, with the stock up around 20% this year. Normally, investors would consider that a pretty good year, but up until a week ago, that figure was over 40%.
Thanks to a 10% plummet the day following its earnings report, Meta lost a lot of ground it had gained. But unlike some investors, I don't think this news is a reason to sell; it's one to buy.
Meta Platforms is probably better known by its former name, Facebook. Even though it changed its name a couple of years ago, Meta Platforms is still driven by its social media platforms: Facebook, Instagram, Threads, WhatsApp, and Messenger.
Source Fool.com
Meta Platforms Inc. Stock
€434.00
-0.470%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 15.21% compared to the current price of 434.0 € for Meta Platforms Inc..
