Meta Platforms: Bottom Test
- Meta Platforms is set to retest the recent lows at $185.
- The company faces tough user comps due to COVID pull forwards similar to what has hit Netflix.
- The stock is cheap at less than 14x '23 EPS targets, but a bounce off the recent lows is key to whether the stock is safe to buy here.
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After a disastrous start to 2022, () appears to have set a bottom with the steep plunge in early February leading to a low of $185 in March. The social media company remains ininvestment thesis