<p>在去年股市创下历史新高之后，2025 年的开始提醒我们，风险和价格波动是投资过程中正常的部分。</p>
<p>事实上，<strong>纳斯达克综合指数</strong>(^IXIC 0.70%) 已经进入调整区域。由于对经济强劲程度的担忧再次升温，该指数较历史最高点下跌约 14%（截至本文撰写时）。在这场动荡中，一只受到影响的股票是科技和社交媒体巨头 <strong>Meta Platforms</strong>(META 1.58%)。尽管年初至今仍保持着 4% 的温和涨幅，但过去一个月股价下跌了约 15%。</p>
<p>现在是购买 Meta Platforms 股票的好时机吗？以下是您需要了解的内容。</p>
<h2>克服担忧的壁垒</h2>
<p>在股市调整期间，投资者感到焦虑是可以理解的。市场似乎在一些宏观经济不确定性领域跌入困境，反映出消费者支出、就业增长、通货膨胀方向、利率、美联储政策甚至地缘政治紧张局势等方面的混合信号。特朗普政府对来自加拿大和墨西哥等美国贸易伙伴的进口实施关税的举措，加剧了对其持续时间和影响的困惑。</p>
<p>话虽如此，除了市场情绪的变化外，没有确凿证据表明经济状况正在恶化，或者股票需要进一步大幅下跌。最近的发展只是股票在未来需要克服的 “担忧壁垒” 的最新表现。</p>
<p>对于投资者来说，克服这些市场波动期的最佳策略是保持纪律性和长期视角——专注于那些盈利能力强、可靠的自由现金流能够在不同市场周期中生存的高质量公司。</p>
<p>我相信 Meta Platforms 是这样一位行业领导者，能够继续实现盈利增长。该公司不仅在贸易政策上相对独立，而且在全球多元化方面也表现良好。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTA3NjMvbWV0YS1wbGF0Zm9ybXMtc3RvY2stYnVsbGlzaC1vdXRsb29rLTIwMjUuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTA3NjMvbWV0YS1wbGF0Zm9ybXMtc3RvY2stYnVsbGlzaC1vdXRsb29rLTIwMjUuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>准备反弹的市场领导者</h2>
<p>2024 年对 Meta 来说是一个巨大的年份，收入增长 22%，截至 12 月 31 日的每股收益（EPS）增长 61%，相比 2023 年有所加速。尽管公司的核心广告业务依然强劲，但更大的故事可能是其在人工智能（AI）领域的领导地位，成为新的增长驱动力。</p>
<p>Meta 成功利用其 34 亿用户（称为每日活跃用户（DAP））在 Instagram 和 WhatsApp 等平台上实现越来越高的货币化水平。AI 在这一过程中发挥了关键作用，通过优化广告定位，已经证明能够提升转化率。Meta 指出，其 AI 驱动的算法旨在保持用户参与，同时开启新的收入来源。此外，Meta 的开源 AI 倡议，包括其 Llama 大型语言学习模型（LLM），突显了公司在创新前沿的能力。</p>
<p>根据 Yahoo! Finance 追踪的华尔街分析师的观点，财务势头将继续，预计今年收入增长 15%。每股收益预估为 25.15 美元，代表同比增长 5.4%，这考虑了 Meta 计划在 AI 方面进行重大投资的指导。尽管如此，过去两年的趋势依然令人印象深刻，Meta 有空间调整支出计划以支持盈利能力。</p>
<p>总体而言，Meta Platforms 作为投资的吸引力恰恰在于其盈利前景的可见性。</p>
<table>
<thead>
<tr>
<th>指标</th>
<th>2024</th>
<th>2025 预估</th>
</tr>
</thead>
<tbody>
<tr>
<td>收入</td>
<td>1645 亿美元</td>
<td>1885 亿美元</td>
</tr>
<tr>
<td>收入增长（同比）</td>
<td>21.9%</td>
<td>14.6%</td>
</tr>
<tr>
<td>每股收益</td>
<td>23.86 美元</td>
<td>25.15 美元</td>
</tr>
<tr>
<td>每股收益增长（同比）</td>
<td>60.5%</td>
<td>5.4%</td>
</tr>
</tbody>
</table>
<p>数据来源：Yahoo! Finance。</p>
<p>在我看来，使该股票更具吸引力的是其诱人的估值。它的前瞻市盈率（P/E）为 2025 年每股收益的 24 倍。这个水平低于 Meta 五年平均的接近 27 的收益倍数。这表明，考虑到其显著的高科技特征，该股票可能是一个便宜的选择，能够维持更高的估值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2a8e5b06aa82146f6252a5c1ca3dc721.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2a8e5b06aa82146f6252a5c1ca3dc721.png"/></p>
<p>META 市盈率（前瞻）数据来自 YCharts。</p>
<h2>最后思考</h2>
<p>我对 Meta Platforms 持乐观态度，并相信近期股市的疲软是暂时的，该股票有良好的反弹位置。对投资者来说，一种有用的策略是定投，即在市场下跌时逐步购买股票，以降低短期风险。最终，Meta 是希望通过一流的科技领导者捕捉 AI 高层主题的投资者的绝佳选择。</p>

META

<p>纳斯达克综合指数已进入调整区间，较峰值下跌 14%，引发了对经济的担忧。尽管 Meta Platforms 年初至今上涨了 4%，但在过去一个月中却下跌了 15%。分析师建议，现在可能是一个不错的买入时机，因为 Meta 的收入和盈利预计将增长，这得益于其强大的广告业务和人工智能举措。该股票的市盈率低于其五年平均水平，显示出潜在的价值。对于希望在市场波动期间降低风险的投资者，建议采用定投策略</p>

<p>Following the stock market's record-breaking run last year, the start of 2025 offers a timely reminder that risk and price volatility are normal parts of the investing process.</p>
<div class="lb-trans"><p>在去年股市创下历史新高之后，2025 年的开始提醒我们，风险和价格波动是投资过程中正常的部分。</p>
</div><p>Indeed, the <strong>Nasdaq Composite</strong>(^IXIC 0.70%) has hit correction territory. It's down about 14% from its all-time high (as of this writing) amid renewed concerns over the strength of the economy. One stock that has been caught up in the turbulence is tech and social media giant <strong>Meta Platforms</strong>(META 1.58%). Despite holding on to a modest 4% gain year to date, shares are down around 15% over the past month.</p>
<div class="lb-trans"><p>事实上，<strong>纳斯达克综合指数</strong>(^IXIC 0.70%) 已经进入调整区域。由于对经济强劲程度的担忧再次升温，该指数较历史最高点下跌约 14%（截至本文撰写时）。在这场动荡中，一只受到影响的股票是科技和社交媒体巨头 <strong>Meta Platforms</strong>(META 1.58%)。尽管年初至今仍保持着 4% 的温和涨幅，但过去一个月股价下跌了约 15%。</p>
</div><p>Is now the time to buy the dip in Meta Platforms stock? Here's what you need to know.</p>
<div class="lb-trans"><p>现在是购买 Meta Platforms 股票的好时机吗？以下是您需要了解的内容。</p>
</div><h2>Overcoming the wall of worry</h2>
<div class="lb-trans"><h2>克服担忧的壁垒</h2>
</div><p>It's understandable for investors to feel anxious through a stock market correction. The market appears to have stumbled into some areas of macroeconomic uncertainty, reflecting mixed signals on everything from consumer spending, job growth, and the direction of inflation to interest rates, Fed policy, and even geopolitical tensions. Steps by the Trump administration to implement tariffs on imports from U.S. trading partners like Canada and Mexico added to a sense of confusion regarding their duration and effect.</p>
<div class="lb-trans"><p>在股市调整期间，投资者感到焦虑是可以理解的。市场似乎在一些宏观经济不确定性领域跌入困境，反映出消费者支出、就业增长、通货膨胀方向、利率、美联储政策甚至地缘政治紧张局势等方面的混合信号。特朗普政府对来自加拿大和墨西哥等美国贸易伙伴的进口实施关税的举措，加剧了对其持续时间和影响的困惑。</p>
</div><p>That being said, other than a shift in market sentiment, there's no concrete evidence that economic conditions are deteriorating, or that stocks need to sell off significantly further. Recent developments represent just the latest manifestation of the perennial &#34;wall of worry&#34; stocks will simply need to climb going forward.</p>
<div class="lb-trans"><p>话虽如此，除了市场情绪的变化外，没有确凿证据表明经济状况正在恶化，或者股票需要进一步大幅下跌。最近的发展只是股票在未来需要克服的 “担忧壁垒” 的最新表现。</p>
</div><p>For investors, the best strategy to overcome these periods of market volatility is to maintain a disciplined, long-term perspective -- focusing on high-quality companies whose profitability and reliable free cash flow can navigate across different market cycles.</p>
<div class="lb-trans"><p>对于投资者来说，克服这些市场波动期的最佳策略是保持纪律性和长期视角——专注于那些盈利能力强、可靠的自由现金流能够在不同市场周期中生存的高质量公司。</p>
</div><p>I believe Meta Platforms is one such industry leader able to continue generating profitable growth. The company stands out as not only relatively isolated from trade policy, but also as having a good layer of global diversification.</p>
<div class="lb-trans"><p>我相信 Meta Platforms 是这样一位行业领导者，能够继续实现盈利增长。该公司不仅在贸易政策上相对独立，而且在全球多元化方面也表现良好。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTA3NjMvbWV0YS1wbGF0Zm9ybXMtc3RvY2stYnVsbGlzaC1vdXRsb29rLTIwMjUuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F810763%2Fmeta-platforms-stock-bullish-outlook-2025.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>A market leader poised to rebound</h2>
<div class="lb-trans"><h2>准备反弹的市场领导者</h2>
</div><p>2024 was a massive year for Meta, with 22% revenue growth and 61% increase in earnings per share (EPS) for the period ended Dec. 31, an acceleration compared to 2023. While the company's core advertising business is as strong as ever, perhaps the bigger story has been its leadership in artificial intelligence (AI) as a new growth driver.</p>
<div class="lb-trans"><p>2024 年对 Meta 来说是一个巨大的年份，收入增长 22%，截至 12 月 31 日的每股收益（EPS）增长 61%，相比 2023 年有所加速。尽管公司的核心广告业务依然强劲，但更大的故事可能是其在人工智能（AI）领域的领导地位，成为新的增长驱动力。</p>
</div><p>Meta has found success in using its 3.4 billion-person-strong user base (which it refers to as daily active people (DAP)) across platforms like Instagram and WhatsApp for an increasing level of monetization. AI is playing a key role in that process by optimizing ad targeting, which has already been proven to boost conversions. Meta cites its AI-driven algorithms as working to keep users engaged while unlocking new revenue streams. On top of that, Meta's open-source AI initiatives, including its Llama large language learning model (LLM), highlight the company's ability to stay at the forefront of innovation.</p>
<div class="lb-trans"><p>Meta 成功利用其 34 亿用户（称为每日活跃用户（DAP））在 Instagram 和 WhatsApp 等平台上实现越来越高的货币化水平。AI 在这一过程中发挥了关键作用，通过优化广告定位，已经证明能够提升转化率。Meta 指出，其 AI 驱动的算法旨在保持用户参与，同时开启新的收入来源。此外，Meta 的开源 AI 倡议，包括其 Llama 大型语言学习模型（LLM），突显了公司在创新前沿的能力。</p>
</div><p>According to Wall Street analysts tracked by Yahoo! Finance, the financial momentum is set to continue, with projected 15% revenue growth this year. The EPS estimate of $25.15 represents a 5.4% year-over-year growth, which considers guidance from Meta planning significant investments toward AI. That said, the two-year trend is still impressive, with room for Meta to adjust spending plans to support profitability.</p>
<div class="lb-trans"><p>根据 Yahoo! Finance 追踪的华尔街分析师的观点，财务势头将继续，预计今年收入增长 15%。每股收益预估为 25.15 美元，代表同比增长 5.4%，这考虑了 Meta 计划在 AI 方面进行重大投资的指导。尽管如此，过去两年的趋势依然令人印象深刻，Meta 有空间调整支出计划以支持盈利能力。</p>
</div><p>Overall, the attraction of Meta Platforms as an investment right now is precisely the visibility in this earnings outlook.</p>
<div class="lb-trans"><p>总体而言，Meta Platforms 作为投资的吸引力恰恰在于其盈利前景的可见性。</p>
</div><table>
<thead>
<tr>
<th>Metric</th>
<th>2024</th>
<th>2025 Estimate</th>
</tr>
</thead>
<tbody>
<tr>
<td>Revenue</td>
<td>$164.5 billion</td>
<td>$188.5 billion</td>
</tr>
<tr>
<td>Revenue growth (YOY)</td>
<td>21.9%</td>
<td>14.6%</td>
</tr>
<tr>
<td>EPS</td>
<td>$23.86</td>
<td>$25.15</td>
</tr>
<tr>
<td>EPS growth (YOY)</td>
<td>60.5%</td>
<td>5.4%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>指标</th>
<th>2024</th>
<th>2025 预估</th>
</tr>
</thead>
<tbody>
<tr>
<td>收入</td>
<td>1645 亿美元</td>
<td>1885 亿美元</td>
</tr>
<tr>
<td>收入增长（同比）</td>
<td>21.9%</td>
<td>14.6%</td>
</tr>
<tr>
<td>每股收益</td>
<td>23.86 美元</td>
<td>25.15 美元</td>
</tr>
<tr>
<td>每股收益增长（同比）</td>
<td>60.5%</td>
<td>5.4%</td>
</tr>
</tbody>
</table>
</div><p>Data source: Yahoo! Finance.</p>
<div class="lb-trans"><p>数据来源：Yahoo! Finance。</p>
</div><p>In my opinion, what makes the stock even more compelling is its attractive valuation. It's trading at 24 times its consensus 2025 EPS as a forward price-to-earnings (P/E) ratio. This level is below Meta's five-year average for the earnings multiple of closer to 27. That suggests that the stock may be a bargain, considering that its decisively high-tech profile could sustain a more premium valuation.</p>
<div class="lb-trans"><p>在我看来，使该股票更具吸引力的是其诱人的估值。它的前瞻市盈率（P/E）为 2025 年每股收益的 24 倍。这个水平低于 Meta 五年平均的接近 27 的收益倍数。这表明，考虑到其显著的高科技特征，该股票可能是一个便宜的选择，能够维持更高的估值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2a8e5b06aa82146f6252a5c1ca3dc721.png" alt="" original-src="https://media.ycharts.com/charts/2a8e5b06aa82146f6252a5c1ca3dc721.png"/></p>
<p>META PE Ratio (Forward) data by YCharts.</p>
<div class="lb-trans"><p>META 市盈率（前瞻）数据来自 YCharts。</p>
</div><h2>Final thoughts</h2>
<div class="lb-trans"><h2>最后思考</h2>
</div><p>I'm bullish on Meta Platforms and believe the recent stock market weakness is temporary, with the stock well-positioned to rebound. One strategy that can be useful for investors is dollar-cost averaging as a method of buying shares on dips for your portfolio over time to mitigate near-term risks. Ultimately, Meta is a great option for investors looking to capture high-level themes in AI through a best-in-class tech leader.</p>
<div class="lb-trans"><p>我对 Meta Platforms 持乐观态度，并相信近期股市的疲软是暂时的，该股票有良好的反弹位置。对投资者来说，一种有用的策略是定投，即在市场下跌时逐步购买股票，以降低短期风险。最终，Meta 是希望通过一流的科技领导者捕捉 AI 高层主题的投资者的绝佳选择。</p>
</div>

The Nasdaq Just Hit Correction Territory: Time to Buy the Dip on Meta Platforms Stock?

- 纳斯达克综合指数已进入调整区间，下降约 14%。
- Meta Platforms 在 2024 年实现 22% 收入增长，预计 2025 年继续增长。
- 当前股价低于五年平均水平，可能是投资的良机。

纳斯达克刚刚进入调整区间：现在是买入 Meta Platforms 股票的好时机吗？