What Are the Top 5 Social Media Stocks to Watch in 2023?

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

Social media stocks have been on a tear in recent years, as investors have bet on the continued growth of the sector. But with valuations at sky-high levels, some investors are wondering if the sector is due for a pullback. So, which social media stocks are the ones to watch in 2023? Here are our top five picks.



1. Facebook/META Platforms (META) – Facebook is the clear leader in social media, with 2.8 billion monthly active users as of Q3 2020. The company’s strong user growth has driven impressive revenue and earnings growth, and Facebook is now generating over $70 billion in annual revenue. While the company faces some regulatory headwinds, we believe the long-term growth potential of Facebook’s business is still intact.



2. LinkedIn (LNKD) – LinkedIn is the leading professional networking platform, with 675 million members worldwide. The company has been growing rapidly, with revenue and earnings more than doubling in the past three years. LinkedIn’s strong growth has been driven by its transition to a subscription-based business model, and we believe the company still has significant room to grow.



3. Twitter (TWTR) – Although Twitter went private after the new CEO, Elon Musk, took over the company. Twitter is the go-to platform for real-time news and information, with over 330 million monthly active users. The company has been struggling to grow its user base, but it has been able to offset this with strong growth in advertising revenue.



4. Pinterest (PINS) – Pinterest is a social media platform focused on visual content, with over 400 million monthly active users. The company has been growing rapidly, with revenue and earnings more than doubling in the past three years. Pinterest’s strong growth has been driven by its transition to a subscription-based business model, and we believe the company still has significant room to grow.



5. Snapchat (SNAP) – Snapchat is a messaging app with over 280 million monthly active users. The company has been struggling to grow its user base, but it has been able to offset this with strong growth in advertising revenue. Snapchat’s unique user base and engagement levels make it an attractive platform for advertisers, and we believe the company still has significant growth potential.



These are our top five social media stocks to watch in 2023. While the sector faces some headwinds, we believe the long-term growth potential of these companies is still intact. So, if you’re looking for exposure to the sector, these are the stocks to watch.

 

Source: https://stockregion.com

 

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

Facebook

 

Facebook is one of the top social media stocks to watch in 2023. The company has a strong foothold in the social media space and is continuing to grow. In addition to its flagship Facebook platform, the company also owns Instagram, WhatsApp, and Messenger. These platforms have a combined 2.8 billion monthly active users. Facebook is also expanding into other areas, such as e-commerce and digital payments. The company has a strong balance sheet with $56 billion in cash and no debt. Facebook is expected to continue to grow at a rapid pace in the coming years.

 

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

Twitter

 

Twitter is one of the most popular social media platforms with over 330 million monthly active users. The company went public in 2013 and has since then been one of the top social media stocks to watch. In 2023, Twitter is expected to generate revenue of $8.4 billion, up from $3.9 billion in 2020. The company is also expected to report earnings per share of $2.62 in 2023, up from $0.63 in 2020. Twitter has been investing heavily in its live streaming business and is expected to benefit from the continued growth of this business in 2023. The company is also expected to benefit from advertising growth on its platform. Overall, Twitter is one of the top social media stocks to watch in 2023.

 

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

LinkedIn

 

LinkedIn is a social media platform that is geared towards professionals. It has over 722 million members in over 200 countries and territories. LinkedIn is a great platform for networking, finding jobs, and building your professional brand. The stock is up over 50% in the past year, and it is expected to continue to grow.

 

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

Pinterest

 

Pinterest is one of the most popular social media platforms, with over 320 million monthly active users. The company went public in 2019 and has since seen its stock price increase significantly. Pinterest is a great platform for advertisers, as it has high engagement rates and users are typically in a buying mood when they are using the site. Pinterest is also growing rapidly, with its user base increasing by 25% in 2020. If you are looking for a social media stock to watch in 2023, Pinterest should be at the top of your list.

 

What Are the Top 5 Social Media Stocks to Watch in 2023?

 

Snapchat

 

Snapchat is one of the most popular social media platforms, with over 280 million daily active users. The company went public in 2017 and has since seen its stock price rise and fall. However, Snapchat is still a strong contender in the social media space, and its stock price is expected to rise in 2023. Snapchat has a number of features that make it unique, including its Snap Map, which allows users to see where their friends are and what they are doing. The company is also working on new features, such as AR filters and games, that could attract even more users. So, if you're looking for a social media stock to watch in 2023, Snapchat is definitely one to keep an eye on.

 

Source: https://stockregion.com

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