Should You Buy Meta Platforms Stock on the Dip?

Sometimes, everything can be going well, only to fall apart in an instant. That's what happened last week with Meta Platforms (NASDAQ: META).This "Magnificent Seven" stock was soaring almost 30% year to date on Oct. 29. However, that was before Meta provided its third-quarter update. The following day, the company's share price plunged 12%. Should you buy this once high-flying stock on the dip?A steep stock decline would make sense if Meta's Q3 results had been dismal. But that wasn't the case. The company's revenue jumped 26% year over year to $51.2 billion. The consensus Wall Street estimate was for Q3 revenue of $49.4 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool