Meta Platforms, Inc. (NASDAQ:META) shares are up 3% over the past five days. 

What To Know:

The U.S. Supreme Court declined on Wednesday to impose limits on the way President Joe Biden’s administration may communicate with social media platforms. The decision rejected a challenge made on the grounds of freedom of speech regarding how officials encouraged the removal of posts deemed misinformation.

A U.S. appeals court ruled on Thursday that Meta must face a lawsuit which claims Meta passes over American workers for jobs in favor of cheaper visa recipients. 

Meta shares have gained more than 45% year-to-date despite a multitude of legal challenges. According to data from Benzinga Pro, Meta Platforms shares are trading above the stock’s 50-day moving average of $479.50 and near its 52-week high of $531.48. 

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Is META A Good Stock To Buy?

When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.

Meta Platforms has reported average annual revenue growth of 18.78% over the past 5 years. .

It's also important to pay attention to valuation when deciding whether to buy a stock. Meta Platforms has a forward P/E ratio of 25.97. This means investors are paying $25.97 for each dollar of expected earnings in the future. The average forward P/E ratio of Meta Platforms's peers is 26.09.

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out Benzinga PRO.

META Price Action: According to Benzinga Pro, Meta Platforms shares are up 1.08% at $518.64 at the time of publication Thursday.

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