Meta Platforms Inc Class A

META: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$397.00	Rnyy	Rhbfgxjs

Meta Posts Mixed Q3 Results; Expect More Margin Pressure in 2023; Patience Required for Investment

Ali Mogharabi

Oct 27, 2022

Meta reported mixed third-quarter results and its guidance for significant operating expense growth in 2023 was disappointing. We have also lowered our top line projections, which will likely further increase margin pressure next year. Our fair value estimate now stands at $260, down from $346. With uncertainty in the near term, we recommend patience with this wide-moat firm.

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