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How Earnings Affect Stock Price?
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I rate Facebook a strong buy at $335

$Meta Platforms (FB.US)$As noise continues to swerve around Facebook, the social media behemoth remains a cash printing machine. In Q3, Facebook generated $9.5B in free cash flow while growing sales at ~35% y/y (despite tough comps). Although Facebook faces headwinds from Apple's policy changes, business fundamentals are going from strength to strength. As of yesterday, Facebook added $50B to its share repurchase program, and this puts a virtual floor on the stock.
According to my analysis, Facebook is deeply undervalued, and investors buying here at ~$335 are getting a great deal.
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