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Meta Platforms Stock Is Soaring. Is It Too Late to Buy?
Shares of Meta Platforms (NASDAQ: META) have delivered explosive returns to investors since bottoming out in 2022, and the stock continues to hit new highs. The stock surged recently after the company reported strong revenue and earnings performance in the fourth quarter.Despite the stock's monster run, it still offers upside. The shares are trading at a reasonable earnings multiple of 30, consistent with the S&P 500 (SNPINDEX: ^GSPC) average. Moreover, the latest earnings report revealed a few catalysts that are boosting investor confidence in the social media leader's growth prospects.Here are three reasons the stock is a buy.Continue reading
Shares of Meta Platforms (NASDAQ: META) have delivered explosive returns to investors since bottoming out in 2022, and the stock continues to hit new highs. The stock surged recently after the company reported strong revenue and earnings performance in the fourth quarter.
Despite the stock's monster run, it still offers upside. The shares are trading at a reasonable earnings multiple of 30, consistent with the S&P 500 (SNPINDEX: ^GSPC) average. Moreover, the latest earnings report revealed a few catalysts that are boosting investor confidence in the social media leader's growth prospects.
Here are three reasons the stock is a buy.
