#4 - Facebook (NASDAQ:META)
Facebook (NASDAQ: FB) - If you’re a fan of trading on the news, Facebook is a confusing stock. It was recently announced that the social media giant was facing a fine of up to $5 billion from the Federal Trade Commission (FTC). That would seem to be yet another reason to stay away from a stock that has faced some serious headwinds regarding privacy concerns, disappointing earnings reports, the outrage over the platform being used as a medium to “broadcast” the tragic New Zealand shootings, and the beginnings of what is being described as social media fatigue. Those problems, to differing degrees, still exist. However, if you’re a fan of trading on the news, it’s also tough to ignore Facebook’s exceptional first quarter results which have helped push their stock up 43% YTD. In that report, Facebook was showing that they still had a strong user base and that user base is proving to be very strong outside of North America. But the bottom line is that advertisers don’t have other viable alternatives to Facebook, which means the company will maintain their revenue stream for the foreseeable future.
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
- $585.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 37 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $638.00 (9.0% Upside)
