175 place 0

1006 Meta Bulls Are Overvaluing Zuckerberg’s Vision

The Information
Anita Ramaswamy @ The Information · 10/10/2024 09:00 EDT

Investors may be viewing Meta Platforms’ stock through rose-tinted glasses.

Meta’s shares have soared over 70% this year, more than those of any other big tech stock except Nvidia, giving Meta a premium valuation next to comparable stocks such as Alphabet’s. Shares of the Facebook and Instagram parent now trade at 14.2 times next year’s expected earnings before interest, taxes, depreciation and amortization, compared to 12.3 for Alphabet, according to Koyfin data. In late August, both stocks were trading a

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