Why Meta's Pre-Earnings Dip Could Be a Golden Entry Opportunity

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Stocks Analysis by Sam Quirke covering: Meta Platforms Inc. Read Sam Quirke 's latest article on Investing.com

has been having a good year. Its ongoing rally, which kicked off around this time in 2022, is continuing to go from strength to strength and analysts are calling for even more gains ahead in the coming weeks.

As we round the corner into the last few weeks of the year, investors should be excited about Meta's potential. Let's take a look.To start with, it's worth noting Meta's earnings performance has been the bedrock of the current rally. They've established a strong track record of consistently beating earnings expectations, while delivering year-on-year revenue growth figures north of 20%.

The stock has also slipped around 6% from its recent highs, which could suggest some investors are taking profit and reducing their exposure ahead of next week's earnings report. It will be interesting to see how shares trade through the end of the week and into Wednesday's release.

 

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