Meta Platforms, Inc.'s valuation is certainly attractive, with the stock still down over 50% since its all-time high. ValuationAfter the recent rally, Meta Platforms, Inc. still has some upside potential, but it is considerably less undervalued. Even if Meta Platforms, Inc.'s outlook isn't as bad as expected, analyst estimates still have EPS falling in 2023 and revenue growth stagnating significantly. My biggest concern is that Meta Platforms, Inc. could strongly disappoint investors when the U.S. economy enters a recession, something of which we are seeing strong evidence. Surely, Meta Platforms' Oculus sales will be one of the first things to suffer during an economic downturn.
Source: New York Times February 02, 2023 19:52 UTC