Down About 29%, Is Meta Stock a Buy, Sell, or Hold?
Can an accelerating ad business outweigh a record spending bill?
Overview
Meta Platforms (NASDAQ: META) is growing faster than it has in more than a year -- yet its stock has gone the other way, sliding about 29% from the high near $795 it set last August to about $565 as of this writing. For a company still worth around $1.4 trillion, that is a few hundred billion dollars of market value gone while the business behind it was, if anything, picking up speed. So is the stock a buy, a sell, or a hold?
To better understand the stock -- and the underlying business -- let's start with what's working, then get to what isn't.
Image source: Getty Images.
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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.