Meta's Stock Has Been Heating Up: Is Now the Time to Buy?
Social media giant Meta Platforms (NASDAQ: META) is slashing jobs as it has been working on improving its bottom line. Those efforts, as well as others, have given investors reasons to be bullish on the stock of late, with shares of Meta up around 70% so far in 2023. Those gains clawed back some of the sizeable losses it incurred in 2022 when the stock plummeted 64%.
Has this tech giant changed enough to make the stock a good buy today? Is this rally likely to continue, or should investors hold off on buying Meta Platforms' stock?
Meta had a horrible 2022 not just due to the bear market, but also because its results simply weren't as good as they were in the past. Its profit margin is a good example as it has been crashing in recent quarters.
Source Fool.com
