From Nasdaq:

Meta Platforms (NASDAQ: META) has seen a 400% surge in stock value since October 2022, prompting investor questions regarding its future growth potential. Despite its trillion-dollar valuation, Meta can still offer returns through dividends and share repurchases with its massive user base and growing revenue. Analysts project revenue to reach $270 billion by 2030, doubling current cash flow levels.

Moreover, Meta has reduced its outstanding shares by nearly 11% in the past five years and initiated its first dividend, aiming to return more cash to shareholders. With estimated earnings growth of 20% annually over the next few years and a favorable PEG ratio, Meta is considered a bargain stock to buy and hold for long-term wealth creation. Experts see it as an exceptional investment opportunity.

Considering the potential growth and solid financial performance of Meta Platforms, analysts believe it is a stock to buy and hold. While Meta Platforms may not have made the cut for the 10 best stocks identified by The Motley Fool Stock Advisor team, individuals should assess their investment strategies and consider the long-term benefits of Meta’s promising outlook. The company’s revenue, market position, and shareholder-friendly initiatives make it a strong candidate for wealth-building over time.



Read more at Nasdaq: Could Meta Platforms Stock Help You Retire a Millionaire?