Meta: Finally, A Buying Opportunity

Victor Dergunov
Investing Group Leader

Summary

  • Meta's Q1 sales surged by 27% YoY and its net income more than doubled, but its stock tumbled due to lower revenue forecasts.
  • META stock had experienced a significant increase in value and needed a pullback.
  • Meta's earnings beat estimates, and there is potential for significant EPS growth in the future, with analysts projecting upside potential for the stock.
  • I recently increased my Meta stake due to the buying opportunity.
  • This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »
Meta European headquarters

Derick Hudson

Meta Platforms (NASDAQ:META) stock recently tumbled due to its lighter-than-anticipated revenue forecasts. Yet, Q1 sales surged by 27% YoY, and Meta's Family of Apps operating income increased by 57% to about $17.7B. The Reality Labs loss was

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This article was written by

Victor Dergunov
51.59K Followers

Hi, I’m Victor Dergunov, MBA, and I’ve been an active investor for over 20 years. My passion for investing started early, and I’ve spent two decades honing strategies that consistently deliver results. Whether it's tech giants like Apple and Tesla or opportunities in commodities and crypto, I provide diversified insights to help you succeed. Join me, and let’s take your investing to the next level.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long a diversified portfolio with hedges.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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