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Is Meta Platforms the Perfect Value Stock for 2023?

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Is Meta Platforms the Perfect Value Stock for 2023?

Source: news.google.com

I know it looks bad, but hear me out: I think Meta Platforms Inc. (NASDAQ:META) could be the perfect value investment for 2023. Analysts project Meta could post revenue of $117 billion and earnings per share of $10.00 completely. -year 2022, which means that it is trading very close to the lowest valuation of its entire existence as a publicly traded company.

Formerly known as Facebook, Meta is the largest social media company and owns several popular platforms including Facebook, Instagram, and WhatsApp. Despite its dominance on social media, in the past year the stock has suffered due to a combination of factors, including declining ad revenue and a slowdown in Facebook user growth.

Additionally, Meta has spent nearly $10 billion trying to become Apple (NASDAQ:AAPL)…

Read More at news.google.com