How Parkev Tatevosian, CFA’s view on $META changed

The share price of Meta Platforms has risen enormously, and of course I am very happy about that. I own shares in Meta within my investment portfolio, and I have ranked it as one of the best stocks to buy this year.

In fact, it was ranked as the best stock to buy this year, but I changed its ranking to the second best stock to buy this year. So I am pleased to see the stock price soar from $540 per share to $750 per share in about one month . Meta's stock rose 13% today,

We got some great news for Meta stock investors as the company announced a new AI product that sent the share price up by more than 6% on the day of the announcement.

I'll review what that new product was, how Wall Street is reacting, how I changed my estimates for the company's fair value, and my updated ranking for Meta as a buy, hold, or sell.