The Meta Platforms (NASDAQ: META) of today is a far cry from the simple website it was at the beginning. Today, the company owns a family of apps that mediate social interaction for billions of people worldwide.

When was the last time you posted to Instagram? How about the last time you messaged someone on WhatsApp? Bought something on Facebook Marketplace? Meta is part of daily life for much of the world, and that makes it very valuable. It recently surpassed $1 trillion in market capitalization and is now the seventh-largest company in the world.

The company achieved this after its stock soared more than 43% since this time last year. Now that's a big move, but I think it could go much further. Despite this run-up, Meta is still undervalued. With the company gearing up to release Q2 earnings on July 31, let's consider why.

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Source Fool.com