Meta Platforms stock trading close to all-time high, solid growth but may not be good buy

From Nasdaq: 2024-07-20 04:12:00

Investors in Meta Platforms (NASDAQ: META) have witnessed a dramatic turnaround, with the stock trading close to its all-time high after facing challenges in previous years. Daily active users grew to 3.19 billion, while revenue and net income saw significant improvements. However, the stock’s valuation has increased, making it less appealing for new investors. Meta’s recent financial performance has positioned the company well for future investments in artificial intelligence and the metaverse. Despite its solid growth, the stock may not be a good buy at its current valuation. The Motley Fool Stock Advisor team suggests considering other investment opportunities with better potential returns.



Read more at Nasdaq: Is Meta Platforms Stock a Buy in the Second Half of 2024?