5 Best Falling Stocks to Buy Now

1. Meta Platforms, Inc. (NASDAQ:META)

Year-To-Date Decline as of November 25: 67.09%

Number of Hedge Fund Holders: 177

Meta Platforms, Inc. (NASDAQ:META) is one of the hottest Silicon Valley companies and operates some of the most popular social networking platforms in the world. The company has a strong management team, a large user base, and is a leader in the tech space. Though the stock has tanked by 67% year to date, as of November 25, Meta Platforms, Inc. (NASDAQ:META) dominates the tech space and has the potential to become even more dominant in the years to come. As of November 25, the stock is trading at a PE multiple of 10x and is presenting an attractive entry point for long-term investors.

This November, Itau BBA analyst Thiago Kapulskis raised his price target on Meta Platforms, Inc. (NASDAQ:META) to $120 from $102 and reiterated an Outperform rating on the shares. On November 15, Morgan Stanley analyst Brian Nowak updated his price target on Meta Platforms, Inc. (NASDAQ:META) to $100 from $105 and maintained an Equal Weight rating on the shares.

At the end of the third quarter of 2022, 177 hedge funds were eager on Meta Platforms, Inc. (NASDAQ:META) and held stakes worth $14.15 billion. Of those, Fisher Asset Management was the most prominent shareholder in the company and held a position worth $1.60 billion.

Here is what ClearBridge Investments had to say about Meta Platforms, Inc. (NASDAQ:META) in its third-quarter 2022 investor letter:

“We initiated a new position in Meta Platforms, Inc. (NASDAQ:META), in the communication services sector, which operates the Facebook and Instagram social media platforms and is a leading digital advertising provider. We have been carefully watching the company over the last few quarters and believe headwinds from lower monetizing in Facebook and Instagram Reels and pressures from consumer privacy measures are poised to lessen. We believe the company has begun to fully acclimate to this new environment, will achieve greater effectiveness in Reels monetization and find ways to adapt to new privacy standards which will rebound advertising efficiency. Combined with a greater focus on cost control, we believe these initiatives will help contribute to further margin expansion and leave the company well-positioned moving forward.”

You can also take a look at 11 Best Covid Stocks To Invest In and 10 Growth Stocks with Upside Potential.