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Barchart
Barchart
Ruchi Gupta

This 'Magnificent 7' Standout Could Gain Another 22%, Says Analyst

Meta Citi Facebook Reels

Meta Platforms Inc. (META) is the world’s largest social media network, with more than 4 billion monthly active users as of Q4. The company’s portfolio of apps includes Facebook, Instagram, WhatsApp, Threads, and Messenger. It helps people connect with their contacts all around the globe through the use of features such as messaging, sharing photos and videos, video calling, and more. Formerly known as Facebook, Meta changed its name back in 2021 to reflect its shifting focus toward metaverse and artificial intelligence (AI) applications.

Meta stock is up 37.8% this year, outperforming nearly every other “Magnificent 7” stock in the process - except for Nvidia (NVDA), up 55%. But while NVDA is down about 20% from YTD highs, META is showing some resilience, pulling back just about 8% from its 2024 peak so far.

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