Despite Meta’s meteoric rise in the past three years, the current setup still looks favorable. The stock is trading 9% below its peak. Investors can scoop up shares at a compelling forward price-to-earnings ratio of 24.6. For one of the most dominant enterprises in the world, this might be a no-brainer buying opportunity. Meta has exceeded Wall Street earnings per share estimates in 11 straight quarters. Perhaps it’s likely this streak will continue, which could push the stock higher as we head into November. As enticing as it sounds to buy shares before the Oct. 29 update, it’s extremely important that investors aren’t making this decision with a short-term mindset. Buying and holding stocks should be done with a timeframe that spans at least five years, forcing investors to think about the fundamentals. Should we buy the stocks now ?

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