The Nasdaq Composite has been on a raging bull run as investors feel confident about the state of the economy and the possibility of interest rate cuts. This robust market environment has propelled some businesses more than others.

Meta Platforms (NASDAQ: META) has been a huge beneficiary. The social media stock has skyrocketed 460% in the past 17 months. This means a $1,000 investment back then would be worth $5,600 today, a fantastic gain in less than two years' time.

Even though shares still look reasonably valued, at a current forward P/E ratio of 25.4, investors need to know these three things before even considering buying the stock.

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Source Fool.com