#4 - Facebook (NASDAQ:META)
Facebook (NASDAQ: FB) It’s hard to know what to make of this social media giant, yet this confusion may be the answer for investors wondering whether or not to invest. Some analysts say the stock is undervalued citing what they consider to be an excessive selloff. Others say that Facebook has been left for dead before and rewarded shareholders handsomely. But something’s different this time, and it’s not about privacy issues. As concerning as those may be, there is a sense that they’ll get fixed. What may not get fixed in the short term is a more fundamental problem. Where is Facebook’s revenue going to come from? Facebook is moving away from their cash cow, News Feed, to focus on their Stories and Videos platform. This signals that the loss in revenue that they posted in the third quarter and continue to project into the fourth quarter will most likely continue for some time to come. Investors want to see earnings, and unfortunately for Facebook, it looks like they are going to be seeing a decline in earnings until, and unless, their new strategy works out.
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)
