Meta Stock is Tanking. Here's Why I Still Think It's a Buy. [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
advertising behemoth soared 194% last year following an impressive return to growth on both the top and bottom lines. While Meta shares are still up an impressive 22% in 2024, the stock has plunged roughly 12% since the company reported first-quarter earnings on April 24. The reason? Meta's management called for an uptick in spending this year. Let's outline the rationale behind the rising expense profile and analyze why now is a good time to buy the dip on Meta stock. Cash flow is king, but... One thing investors should understand about Meta is that the company is extremely profitable. Although revenue has consistently performed at a high level, Meta also generates significant operating leverage , which is demonstrated by consistent gross profit margins and free cash flow. This provides Meta with a high degree of financial flexibility -- allowing the company to reinvest excess profits back into the business. During the company's first-quarter earnings call, management tol
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/21/24 - Form 144
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website