Meta Platforms Stock Is Still Undervalued Despite Its Soaring Stock Price

By Parkev Tatevosian, CFA – Feb 4, 2024 at 6:30AM

NASDAQ: META

Meta Platforms

Market Cap

$1,124B

Today's Change

(0.43%) $1.91

Current Price

$443.29

Price as of April 26, 2024, 4:00 p.m. ET

Meta Platforms stock is soaring after the company delivered phenomenal results for its fourth quarter of 2023.

Fool.com contributor Parkev Tatevosian reviews Meta Platforms' (META 0.43%) earnings results and updates his recommendation of Meta Platforms stock.

*Stock prices used were the afternoon prices of Feb. 2, 2024. The video was published on Feb. 3, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.