It's Time to Consider Facebook Stock Again

Facebook's parent company had a massive trading day on Thursday. Meta Platforms (NASDAQ: FB) saw a 17.59% jump during the regular trading session. Analysts and investors are confident about the company's direction. Now is the time to consider this stock again. Facebook is transforming. The platform has seen increased engagement with its new "Reels" segment. Facebook developed Reels to compete with TikTok. Almost 50% of time spent on the platform comes from Reels. Monthly active users increased by 3% in the last quarter. Revenue was up 7% year over year. Meta is focusing on reducing costs. The latest earnings report saw a decrease of $3 billion in expenses over the past year. This will protect income even with headwinds. Facebook's financials have put confidence into the stock. It's likely to outperform its industry with an average price target of $290.90. This would create a significant return over the recent $205.73 closing price. Facebook Metaverse will also come into play soon. The metaverse is an interactive online community. It leverages VR technology. The industry is expected to be worth more than $800 billion by 2024. Facebook is a leader in this space. Financial markets are in better shape than headlines suggest. Find the growth options with these investment strategies. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above. sponsored ads below Watch Now: Insider Reveals Stock Wall Street does NOT want you to know about An unprecedented investigation reveals the biggest gains the stock market has to offer. They come from the fastest-growing companies in America, yet most people are in the dark about them. 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