3 Social Stocks Standing Out in a Narrowed Field

Elon Musk buying Twitter has social media stocks in focus. Here's what the pros think about the three primary players remaining.

people looking at social media sites on smartphones
(Image credit: Getty Images)

Social media stocks are in the limelight following news that one of their own will soon be taken private.

Specifically, Twitter (TWTR (opens in new tab)) put out a press release late in the day on April 25 confirming that its board of directors had agreed to Elon Musk's offer to buy the social media platform and take it private for $44 billion, or $54.20 a share.

The agreed-upon price is a 38% premium to Twitter's closing share price on April 1, 2022, the day before the Tesla (TSLA (opens in new tab)) CEO announced a 9.1% stake in the company.

By purchasing Twitter and taking it private, Musk has narrowed the list of social stocks for investors to choose from.

Here, we take a closer look at three top-rated social media stocks to watch post-Twitter. Each name featured here sports a consensus Buy recommendation from analysts and has solid growth prospects for the remainder of 2022.

Data is as of April 25. Analysts' ratings courtesy of S&P Global Market Intelligence. Stocks are listed by analysts' consensus recommendation, from highest score (worst) to lowest (best).

Will Ashworth
Contributing Writer, Kiplinger.com

Will has written professionally for investment and finance publications in both the U.S. and Canada since 2004. A native of Toronto, Canada, his sole objective is to help people become better and more informed investors. Fascinated by how companies make money, he's a keen student of business history. Married and now living in Halifax, Nova Scotia, he's also got an interest in equity and debt crowdfunding.