#2 - Microsoft (NASDAQ:MSFT)
The next social media stock on this list stays in the tech sector. Although not lumped in with the FAANG stocks, Microsoft (NASDAQ:MSFT) has been one of the strongest performers in the sector since the onset of the pandemic. This is why, like Alphabet, you’re buying more than a social media stock when you purchase MSFT stock.
However, in terms of social media stocks, Microsoft brings its LinkedIn property to the party. And even though Microsoft paid significantly more for LinkedIn than Alphabet did 10 years after the latter purchased YouTube ($26.2 billion versus $1.6 billion), it still has paid off handsomely for Microsoft. One reason for that is that LinkedIn offers a premium membership (LinkedIn Premium) which means it is not solely reliant on advertising revenue.
In 2020, LinkedIn generated $8 billion in revenue for Microsoft. And as the economy begins to reopen, demand for qualified workers will remain at elevated levels for some time. That should contribute to significant activity and revenue growth on the platform.
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Read More - Current Price
- $423.85
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 32 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $460.56 (8.7% Upside)
