Is Meta Platforms Stock a Buy Now?
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.
Source Fool.com
Meta Platforms Inc. Stock
€509.80
-0.600%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 26.52% for Meta Platforms Inc. compared to the current price of 509.8 €.
