Meta Platforms Stock: Is it a Steal of a Deal at $650?

Meta's stock has declined nearly 20% from its highs following disappointing Q3 earnings, primarily due to concerns about excessive AI spending and negative free cash flow of $2.1 billion. While the company's forward P/E ratio of 18 appears attractive, the analyst cautions against buying the dip, citing long-term regulatory risks around data privacy and child protection that warrant a deeper discount.