Core Insights - Meta Platforms stock has surged nearly 30% in the past month, significantly outperforming the Nasdaq index, which rose by 17% [1] - The stock has shown a remarkable 437% return since early 2023, climbing from approximately 120toaround645, compared to the Nasdaq's 83% increase [1] - Meta's revenue has increased by 46%, from 117billionin2022to170 billion over the last twelve months, driven by higher ad impressions and average ad prices [3][4] - Daily active users across Meta's platforms have grown by 16%, from 2.95 billion in 2022 to 3.43 billion currently [4] - The company's net income margin has nearly doubled from 19.9% in 2022 to 39.2% currently, reflecting strong financial performance [5] - Meta's net income has increased by 188%, rising from 23billionto67 billion over the past three years [6] - The price-to-earnings (P/E) ratio has increased by 80%, from 14x in 2022 to 25x currently, indicating investor optimism [8][10] - Meta's valuation is estimated at 702pershare,suggestingapotentialupsideofapproximately108.59 in 2022 to 25.64now[6][8]MarketContext−Meta′sstockexperiencedasignificantdeclineof77645 reflects a notable increase in the P/E ratio compared to its three-year average [12][13]