#5 - Facebook (NASDAQ:META)
Facebook (NASDAQ: FB) - To paraphrase the old song, “For all your faults, we love you still”. That’s the message that sellers of Facebook should ignore at their own risk. To say the stock has been beleaguered these last few months is a massive understatement. However, just when the stock looked like it might be ready to suffer a long correction, they delivered a positive first-quarter earnings report that has sent the stock back towards its all-time high. As of this writing, it still had a bit to go, but it has momentum on its side. Since a nearly 11% rise after the earnings report, the stock has settled into a comfortable, bullish pattern. Facebook bulls have long held the mantra that 2,000,000 users can’t be wrong. And this seems to be the case for the stock going forward. Plus, in comparison to its FAANG stock brethren, Facebook looks like a downright bargain. While this stock certainly bears watching, it is still showing exceptional growth potential.
About Meta Platforms
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
Read More - Current Price
- $511.02
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 39 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $510.05 (0.2% Downside)
