#1 - Facebook (NASDAQ:META)
Facebook (NASDAQ: FB) is the first of our virtual reality stocks to buy. It was the company’s CEO Mark Zuckerberg who told investors that they will soon be living in the metaverse. However, you might expect that from Facebook. The company has skin in the game after its purchase of Oculus in 2014. If nothing else this should give investors confidence that the social media giant is committed to branching out.
As a down payment on this commitment, Facebook recently launched its first set of smart glasses. The glasses allow wearers to listen to music, take calls and share photos and videos across Facebook’s services using a companion app. However, the $299 glasses do not feature augmented reality, which the company has recently said they are at least five years away from delivering.
FB stock is sitting just below its 52-week high, but recent upward price movement suggests that investors may be catching up with the analysts. At least 15 analysts have boosted their price target for FB stock since the company delivered earnings.
About Meta Platforms
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
Read More - Current Price
- $496.10
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $520.28 (4.9% Upside)
