$Meta Platforms, Inc.(META)$ Still just hyped on the performance of this for the last couple months.What’s more exciting is a legitimately justified path to $400.Top choice next decade. Big long.Meta continues to plow money into its metaverse hardware and software, but should you put your money into Meta stock?
As the adoption of devices grows over the next few years, we could see several breakout applications that significantly increase engagement with AR and VR. That tipping point is when controlling the platform that 80%-plus of devices run on will show its value, and it has the potential to realize the revenue outlined above.
That said, there's no guarantee wide consumer adoption ever materializes. Still, the core family of apps business provides a massive cash cow that continues to build on Meta's network advantages, and it's investing in superior ad technology to maintain its lead as a top destination for digital advertising spend. And at Meta's current stock price, the shares look like a bargain with the potential for a massivemetaverse businesson top.
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