Meta stock

Social media company Meta Platforms faces slowing sales growth. Click here to read why I am buying META stock hand over fist.

Despite a sales slowdown, the social media company is expected to remain profitable. Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. With TikTok gaining traction, Meta may need to either double down on its investments/scale of the Facebook Reels or find a way to improve monetization. I have no business relationship with any company whose stock is mentioned in this article. Meta earned $4.40 billion in net income in the third quarter and remains the world's largest social media company, with nearly 3 billion daily active users. According to the Relative Strength Index, the stock is now significantly oversold, which could be interpreted as a contrarian buy signal. The panic has reduced Meta's earnings multiple to 9.5x, down from 24x at the start of 2022. Meta lost roughly a quarter of its market value after earnings, which I believe is not only exaggerated, but unwarranted. Meta fell 25 cents short of the average earnings forecast of $1.89 per share, resulting in a major stock meltdown following earnings. The social media company saw a 25% valuation cut after earnings, and while the fourth-quarter sales growth forecast is soft, I believe investors are making a big mistake by ignoring META at such a compelling valuation. Because investors are hypersensitive to uncertainty and slowing sales growth, I can understand how the market reacted after earnings were reported. [Third quarter earnings](https://seekingalpha.com/news/3895857-meta-platforms-gaap-eps-of-1_64-misses-0_22-revenue-of-27_71b-beats-310m) of Meta Platforms, Inc.

Social media developer Meta Platforms (NASDAQ: META) stock took a (-24%) cliff dive after its Q3 2022 earnings miss. While the earnings miss.

Meta has teamed up with [Microsoft (NYSE: MSFT)](https://www.marketbeat.com/stocks/NASDAQ/MSFT/) to bring their productivity suites, [Adobe (NYSE: ADBE)](https://www.marketbeat.com/stocks/NASDAQ/ADBE/) and [Autodesk (NASDAQ: ADSK)](https://www.marketbeat.com/stocks/NASDAQ/ADSK/) for creativity tools, [Zoom (NYSE: ZM)](https://www.marketbeat.com/stocks/NASDAQ/ZM/) for communications and [Accenture (NYSE: ACN)](https://www.marketbeat.com/stocks/NASDAQ/ZM/) for enterprise solutions. Meta has clearly warned investors of more pain in the near term to gain in the long term and the market is repricing its shares as result. [Ad spending](https://www.marketbeat.com/originals/snap-stock-falls-as-user-growth-slows-to-single-digits/) has been falling as evidenced by the results for [Snap (NASDAQ: SNAP)](https://www.marketbeat.com/stocks/NYSE/SNAP/) and [Alphabet (NASDAQ: GOOGL)](https://www.marketbeat.com/stocks/NASDAQ/GOOGL/), which saw its YouTube ad sales fall (-2%) in the last quarter. dollar](https://www.marketbeat.com/originals/here-are-3-stocks-that-benefit-from-a-strong-us-dollar/) make a $1.79 billion impact on revenues and is expected to make a (-7%) impact in the next quarter. [video gaming](https://www.marketbeat.com/originals/unity-software-is-the-other-video-game-engine-to-watch/) has been slow. The collapse in Meta’s shares has dropped its price/earnings to under 13X. Virtual reality is not accessible to the mainstream at present as it requires a powerful computer and expensive special headgear. In fact, Zuckerberg cautioned that the losses in its Reality Labs segment which is dedicated to the [Metaverse](https://www.marketbeat.com/originals/can-roblox-reverse-its-falling-bookings-amid-rising-engagements/) would continue to grow “significantly” in 2023. Meta shares are providing a [bargain opportunity](https://www.marketbeat.com/originals/upwork-shares-stumble-into-bargain-territory/) for investors that have been waiting for a pullback. The technical damage to the stock will take time to heal as the market re-prices its valuation for META stock. However, the strong engagements underscore that Meta is not becoming the Myspace of [social media](https://www.marketbeat.com/originals/can-pinterest-rally-on-support-from-big-investor-with-conviction/) any time soon. [Meta Platforms (NASDAQ: META)](https://www.marketbeat.com/stocks/NASDAQ/META/) stock took a (-24%) cliff dive after its Q3 2022 earnings miss.

For months before its devastating quarterly report, Meta Platforms (META) held the $160 price level. This month, META stock traded at $140 before plunging ...

Furthermore, spending in 2022 is in the The firm spent $2 billion on its office property. reality is not the reality shareholders want.

Currently, the division in charge of Meta's highly publicized Metaverse is costing investors a fair fortune. As reality labs lose billions for the third ...

At the time of closing, Meta shares were selling for $129.82, a startling fall from the price of $338.54 exactly one year earlier. Contrast this with the reduced milestone of 280,000 users from the original 500,000 people expected for the end of 2022. A firm spokeswoman claimed that officials had somewhat anticipated the falling stock price and that it might continue into the following year. We may calculate the cost to Meta of roughly $9.44 billion this year alone when we add the performance of Reality Labs over the full 2022. Before the acquisition, Oculus ran a crowdfunding campaign on Kickstarter to generate money for the project, reaching roughly ten times the original $250,000 objective. A division of Meta platforms (previously Facebook Inc.), reality labs create hardware and software for virtual reality (VR) and augmented reality (AR), including virtual reality headsets like Quest and online platforms like Horizon Worlds.

Meta Platforms Inc (NASDAQ: META) shares are trading lower by 6.43% to $92.82 and near session lows Monday afternoon on continued weakness following the ...

[Read More](https://www.benzinga.com/news/22/10/29482433/instagram-faces-partial-outage-users-complain-of-disappearing-accounts-globally) [Instagram platform](https://www.benzinga.com/news/22/10/29482433/instagram-faces-partial-outage-users-complain-of-disappearing-accounts-globally) is facing a partial outage on Monday in some parts of the world, Downdetector reported Monday. [why it's moving](https://www.benzinga.com/taxonomy/term/768599) [Movers](https://www.benzinga.com/taxonomy/term/24) [Trading Ideas](https://www.benzinga.com/taxonomy/term/22) Meta Platforms last week reported third-quarter revenue of $27.71 billion, a 4% decline year-over-year. [Read More](https://www.benzinga.com/news/earnings/22/10/29425603/meta-platforms-run-from-q3-earnings-revenue-beat-eps-miss-daily-users-up-costs-set-to-climb-in-2023) [Here’s what analysts](http://www.benzinga.com/analyst-ratings/analyst-color/22/10/29441523/2023-an-investment-year-for-meta-platforms-why-these-6-analysts-are-lowing-price-ta) are saying about the company’s growth and high spending on the metaverse sector. The weakness is also possibly amid recent Instagram account issues and platform outages.

Pre-market tends to be more volatile due to significantly lower volume as most investors only trade between standard trading hours. MMAT has a roughly average ...

MMAT has an Overall Score of 55. MMAT has a roughly average overall score of 55 meaning the stock holds a better value than 55% of stocks at its current price. MMAT gets a average Short-Term Technical score of 60 from InvestorsObserver's proprietary ranking system.

Meta Platforms (META) recently posted quarterly data indicating a downturn in income and a ramp-up in expenditures. The company modeled an elevated expense ...

On the date of publication, Louis Navellier had a long position in META. Granted, some investors may still be on board with Zuckerberg’s gigantic bet on the build-out of the metaverse. Wall Street only expected Meta Platforms to model 7% YOY expense growth for FY2023, so the announcement alarmed investors. Then, investors recently learned that Meta Platforms anticipates 13% year-over-year (YOY) expense growth for FY2023. Sure, but not every financial trader is willing to go all-in on the metaverse with Zuckerberg. It also didn’t help that Meta Platforms indicated higher spending as well as lower revenue and income during 2022’s third quarter.

Frustration is a reasonable response to Meta Platforms' (META -6.09%) aggressive spending on its metaverse ambitions. After all, at the very least, ...

Free cash flow is cash profit the company can spend on [dividends](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/how-dividends-work/) or [share repurchases](https://www.fool.com/investing/how-to-invest/stocks/share-repurchase/), or stack on its balance sheet. Meta's stock has become so cheap that the business would have to get a lot worse than it is now for its valuation even to approach where it's historically traded. Free cash flow would be even higher if not for Reality Labs, but the point is that Wall Street has way oversold the stock relative to the actual financial state of Meta's business. To be fair, there is a lot of baggage right now. There is no denying Meta's losses on Reality Labs, which were $3.7 billion just in the third quarter of this year. Wall Street disapproves of Meta's actions, and has slaughtered the stock price over the past 12 months.

Meta Platforms (NASDAQ:META) stock is under pressure and has lost over 72% of its value year-to-date. Heightened competition, the slowdown in user growth, ...

The improving engagement trends across its platform are positive and will support the recovery of META stock. Also, adverse currency movements and cost headwinds could continue to pressure META stock in the short term. [NASDAQ:META](/stocks/meta/forecast)) stock is under pressure and has lost over 72% of its value year-to-date. On its valuation, Sebastian said, Meta “deserves a valuation premium to peer averages due to superior growth prospects, platform scale, and technology orientation.” [Colin Sebastian](/experts/analysts/colin-sebastian) recommends buying the dip in META stock. On TipRanks, Meta Platforms stock has received 23 Buy, 10 Hold, and three Sell recommendations for a Moderate Buy consensus rating.