Meta Stock Seems to Be Bouncing Back. Is the Growth Stock Now Too Cheap to Ignore?

Shares of social media advertising giant Meta Platforms (NASDAQ: META) jumped about 6% on Thursday as one analyst reiterated a buy rating and a $910 price target for the stock. Considering that shares are trading at about $648 as of this writing, this represents considerable upside (more than 40%).While investors shouldn't read too much into the analyst's commentary, I do agree that shares may have simply become too cheap to ignore. Remember: We're talking about a company with robust profits, rapid revenue growth, tons of cash, and huge growth opportunities. Yet shares trade at a price-to-earnings ratio in the twenties.So, what's the holdup? Wall Street is bracing itself for Meta's massive investment cycle.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool