5 Best Stocks to Buy for an 18 Year Old

In this article, we discuss 5 best stocks to buy for an 18 year old. If you want to see more best stocks to buy for an 18 year old, the risk/reward, and methodology of this list, go directly to 10 Best Stocks to Buy for an 18 Year Old.

5. Meta Platforms, Inc. (NASDAQ:META)

Market Capitalization as of 2/15: $459.31 billion

Meta Platforms, Inc. (NASDAQ:META) is a social media giant with a market capitalization of $459.31 billion as of 2/15, ranking #5 on our list of 10 Best Stocks to Buy for an 18 Year Old.

After declining substantially last year given increasing competition from TikTok and the company’s losses in terms of its metaverse effort, Meta Platforms, Inc. (NASDAQ:META) shares have surged 47.22% year to date in 2023. Despite TikTok, Meta Platforms, Inc. (NASDAQ:META)’s 2022 sales decreased 1% year over year to $116.61 billion and rose 4% year over year on a constant currency basis.

As of December 31, 2022, the company had $10.87 billion available and authorized for repurchases and the company’s board has since increased its share repurchase authorization by $40 billion. Given how transformative AI could be, many investors also believe Meta Platforms, Inc. (NASDAQ:META) has earnings growth potential in the long term given the company’s investments in the area over the past decade.