Can Meta's New $300 Glasses Turn Around the Stock?
Meta just rolled out its cheapest pair of smart glasses yet. Will it make a difference?
Overview
Despite reporting its fastest quarterly growth since the pandemic in the first quarter, Meta Platforms (NASDAQ: META) has struggled this year.
The stock is down 17% year-to-date due to concerns about rising capital expenditures, layoffs, and artificial intelligence strategy that increasingly seems undisciplined.
Details
As a result, Meta stock is looking unusually cheap, trading at a forward P/E of just 17, which is dirt cheap for a company that just grew its revenue by 33%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.