From Nasdaq:

Meta Platforms (NASDAQ: META) stock has surged 180% in the past year, nearing its all-time high as ad business rebounds. Market cap hits $1.2 trillion with new share buyback plan and dividend initiation. Can it surpass Apple’s $2.8 trillion market cap by 2030?

In 2023, Meta’s revenue and EPS rose 16% and 73% respectively as ad business recovered. Analysts expect 14% and 22% CAGR in revenue and earnings till 2026. Potential growth could see stock value almost double by 2030 against Apple. Apple’s growth slowed, revenue and EPS rose modestly, facing competitive pressure.

Meta may have higher upside potential than Apple by 2030. Meta stock could double, while Apple’s single-digit earnings growth may limit gains. Diversification needed for Apple beyond iPhone dependency. Stock Advisor’s 10 best stock picks exclude Meta Platforms, with potential for monster returns.

Randi Zuckerberg, former Facebook director and sister to Meta CEO Mark Zuckerberg, serves on Motley Fool’s board. Author Leo Sun holds positions in Apple and Meta Platforms. The Motley Fool discloses positions in and recommends both companies. Personal opinions may vary.



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