![]() The last time Meta Platforms saw positive top line growth was in Q1'22 which is when revenues grew 7% year over year. Meta Platforms said that its revenues grew 3% in the first-quarter to $28.65B, thereby reversing a negative top line trend that lasted for three quarters. which is when Meta Platforms fell to its last 1-year low at $88.ĭata by YCharts Advertising market recovery now likely fully priced in now Market sentiment regarding Meta Platforms has greatly improved in recent months, driving a massive recovery rally for the social media company's shares: META has been by far the best-performing FAANG stock with a return of 216% since the beginning of November 2022. Shares of Meta Platforms suffered at the time from a slowdown in the advertising market with companies scaling back ad spending and new social media rivals such as TikTok capturing the attention of younger social media users. If you told me a year ago that Meta Platforms is going to be the best-performing FAANG stock, I would have laughed. ![]() ![]() The EPS estimate trend has also reversed and I believe this is a good time to lock in Meta Platforms' profits!ĭata by YCharts Massive upside revaluation for shares of Meta Platforms Meta Platforms is currently trading at a P/FCF ratio of 43X and no longer undervalued based off of free cash flow. While I still like Meta Platforms and the company’s advertising business, I believe a lot of the firm’s previously indicated recovery potential has now been realized and shares are vulnerable to a correction. ![]() Shares of Meta Platforms ( NASDAQ: META) have appreciated more than 133% since the beginning of the year and the social media company is now the best performer in the FAANG group of stocks. ![]()
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