Stock price when the opinion was issued
The stock has made a bit of a 'round trip' from its recent highs but considering its strength, market share, financial position and growth, at 23X earnings (with $77B cash) we think it is buyable for investors who can look beyond the current market volatility (which will end, one day).
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Generally, big tech are good companies, but have lost ground recently and their valuations have been nosebleeds for a long time. Meta is basically Facebook; he can message his mother in New Zealand cheaply, but fundamentally what will it do for him? Is it a sustainable business model. It's too early to say which of these names is a buy the dip, buy you could trim or take some names off the table.