Meta Platforms' (NASDAQ: META) stock popped 7% during after-hours trading on July 26 in response to the social media giant's second-quarter results. Its revenue rose 11% year over year to $32 billion and beat analysts' estimates by $970 million. Its EPS grew 21% to $2.98 and also cleared the consensus forecast by $0.07.

Meta's earnings beat was impressive, but does its stock still have room to run after its year-to-date gain of more than 150%? Let's review Meta's previous challenges, its recent recovery, and its valuations to see if it's worth buying.

Image source: Meta Platforms.

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Source Fool.com