Formerly known as Facebook, Meta Platforms have been under scrutiny on the stock market lately. Regardless, many investors still consider it a hot investment opportunity, with experts optimistic about future growth.
Traded on NASDAQ under the ticker FB, Meta Platforms stocks are susceptible to fluctuation based on external factors. Consider how Elon Musk is challenging Mark Zuckerberg’s “ironclad control of Meta” and the impact these news bites have on stock behaviour.
So, are Meta stocks given a thumbs up?
History of Meta Platforms Stocks
The social media giant, which owns Facebook, Instagram and Whatsapp, is shifting the focus toward the metaverse. The new focus has caused investors to take a step back and consider what that means for their money. Especially with regards to privacy controls, user totals, and new competition.
Earlier this year, on February 3, 2022, Meta Platforms saw its stock market value drop by more than $230 billion, setting a record for the daily loss of a US firm. The drop came after quarterly figures disappointed investors.
While Meta Platforms have recently experienced a tumultuous period, losing half their market valuation, the stock is staging a recovery.
Current Quotation of Meta Platforms
Currently, Meta Platforms is trading at approximately $209,54 on NASDAQ, and the future value is looking positive. The market cap is set at $570.64 billion, and the organisation has shown intention to improve its position.
For example, Meta is set to charge creator fees up to 47.5% to sell virtual wares in its metaverse, allegedly a “pretty competitive rate”. Only time will tell whether this rate will work in Meta’s favour.
The Future for Meta Platforms
While the future isn’t guaranteed, the trend shows Meta Platforms stock rising, with the metaverse providing a potential $30 trillion valuation over the next decade.
Investors are adding Meta Platforms to their stock portfolio for various reasons, including its cheap purchase price and the metaverse’s potential to unlock extraordinary growth. Revenue growth is also looking positive, with an estimated $132 billion estimated for 2022 sales, a 12% growth over 2021.
Currently, the market is forward-looking, and the company is trading at a steep discount, making it a smart buy. Even if Meta Platforms does dip in the short-term, the long-term projection is expected to be rewarding.
Note: Please do not invest money or assets in the financial markets that you cannot afford to lose. This article should not be construed to be investment advice and is for information purposes only