Is Meta Platforms Stock a Buy Now?
Meta Platforms (NASDAQ: META) posted its third quarter earnings report on Oct. 25. The social media giant's revenue rose 23% year over year to $34.1 billion and exceeded analysts' expectations by $700 million. Its net income jumped 164% to $11.6 billion, or $4.39 per share, and also cleared the consensus forecast by $0.76.
Meta's growth rates were impressive, yet its stock still slumped after the report. Let's review the key numbers to see if that post-earnings dip is a buying opportunity.
Meta Platforms CEO Mark Zuckerberg. Image source: Meta Platforms.
Source Fool.com
Meta Platforms Inc. Stock
€434.85
1.360%
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 14.98% for Meta Platforms Inc. compared to the current price of 434.85 €.
