Meta Q2 2025: Mark Zuckerberg Surprises Everyone Once Again (Downgrade)

Meta Platforms, Inc.'s advertising engine remains highly effective, with strong ad price growth across most regions and a user base that continues to expand globally. Aggressive investments in AI and infrastructure, including the Scale AI acquisition, position Meta for sustained future growth despite near-term free cash flow pressure. Despite Meta's outstanding fundamentals, I don't see enough undervaluation to buy META stock at current levels; I'd wait for a 10-15% pullback before adding shares.