Many tech stocks surged over the past year thanks to factors such as the artificial intelligence (AI) boom. One stock that more than doubled in that time is Meta Platforms (NASDAQ: META).

The Facebook parent was at a 52-week low of $197.90 last March, but made an incredible reversal, and this March, it reached a high of $523.57. Shares have retreated from that, so is now the time to buy? Or is it too late to reap further upside?

To assess the situation, it's best to evaluate Meta from the perspective of a long-term investment. With this in mind, let's look at the social media company to determine if it makes sense to invest in its stock at this time.

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Source Fool.com