Here’s what Meta Platforms’ stock price will be by 2030
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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Key Points
- Meta’s second-quarter revenue growth rate accelerated, on top of an already strong Q1.
- Heavy infrastructure spending may cap margins near term, but it supports a multi-year growth runway.
- Given Meta’s momentum and profitability, there’s a clear path to a good return for the stock over the next five years.
Shares of Meta Platforms (NASDAQ: META) have surged since late July’s earnings update, fueled by the social media specialist’s stronger-than-expected quarter and upbeat revenue guidance. No wonder Wall Street is piling into the stock. There’s a lot to like. The Facebook, Instagram, and…
