Meta Platforms (NASDAQ: META)  is seeing its shares surge thanks to strong fourth-quarter 2023 financial results. Revenue in the last three months of the year totaled $40.1 billion, good for a 25% year-over-year gain. Diluted earnings per share (EPS) of $5.33 was up a whopping 203%.

Looking at these headline numbers, which both crushed Wall Street estimates, it's no wonder Meta stock climbed 20% the day immediately following the announcement. The market is once again excited about this business.

Is it time for you to buy this top FAANG stock now?

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Source Fool.com