Although Facebook has seen some growth after its initial post-IPO plunge, this is still an expensive stock, with a P/E around 60. Tech analyst Andrew Tonner is relatively bearish on the social media player and wants to hear from management about the company's long-term strategy. If Facebook can monetize its advertising more effectively, and build off its partnership with Zynga, this company could surpass investors' expectations.

If there is one thing we learned from the Facebook IPO it's don't buy the hype. Our top tech analyst, Eric Bleeker, warned investors to forget Facebook, and told them about the tech IPO they should be buying instead. If you missed his call the first time, it's not too late; this company has room to soar.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.