Share prices of Meta Platforms (NASDAQ: META) have been red hot on the market in 2023 with outstanding gains of 146% so far, but the company's latest quarterly results somehow brought that impressive rally to a halt.

Meta stock fell 4% after the company released third-quarter results on Oct. 25. Though the tech giant easily crushed Wall Street's expectations and delivered healthy year-over-year growth, investors were quick to press the panic button as its guidance for the current quarter fell slightly below expectations.

Savvy investors may want to capitalize on this recent dip in Meta stock, as its guidance is not all that bad. More importantly, the company seems to be gaining share in a lucrative market that should translate into healthy long-term growth. Let's look at the reasons why buying this tech stock right now could turn out to be a smart long-term move.

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Source Fool.com