Meta Platforms Stock: Oversold and Undervalued

Buy rating on FB stock at around $190/share

Meta Platforms (FB), formerly known as Facebook, is a dominant social media company. There is a lot of unfavorable sentiment surrounding the company at the moment.

Despite the negativity, we are bullish on FB stock.

Meta even has a hidden growth catalyst that comes as a result of its recent less-than-impressive earnings results. Yes, its weak earnings report is actually a positive (at least some of it is).

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The article came out about two hours ago when FB was ~$190 a share. It is now trading around $195, but the price is still attractive for long-term investors. However, short-term momentum traders may want to stay away from the stock until it reverses its downtrend.

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