Meta Platforms (NASDAQ: META) has seen a 437% increase in shares over the past three years, despite a recent dip in growth and profitability. Investors are eagerly awaiting the latest financial results. The stock is currently trading 9% below its peak, presenting a potential buying opportunity with a forward price-to-earnings ratio of 24.6.

Meta has consistently surpassed Wall Street earnings estimates for 11 quarters in a row, hinting at a positive upcoming earnings report on Oct. 29. Investors should focus on the long-term outlook and consider the fundamentals before deciding to buy shares. The Motley Fool Stock Advisor team has identified other promising stocks for potential investment opportunities.

Read more at Nasdaq: Should You Buy Meta Platforms Before Oct. 29?