<p>在去年股市創下歷史新高之後，2025 年的開始提醒我們，風險和價格波動是投資過程中正常的部分。</p>
<p>事實上，<strong>納斯達克綜合指數</strong>(^IXIC 0.70%) 已經進入調整區域。由於對經濟強勁程度的擔憂再次升温，該指數較歷史最高點下跌約 14%（截至本文撰寫時）。在這場動盪中，一隻受到影響的股票是科技和社交媒體巨頭 <strong>Meta Platforms</strong>(META 1.58%)。儘管年初至今仍保持着 4% 的温和漲幅，但過去一個月股價下跌了約 15%。</p>
<p>現在是購買 Meta Platforms 股票的好時機嗎？以下是您需要了解的內容。</p>
<h2>克服擔憂的壁壘</h2>
<p>在股市調整期間，投資者感到焦慮是可以理解的。市場似乎在一些宏觀經濟不確定性領域跌入困境，反映出消費者支出、就業增長、通貨膨脹方向、利率、美聯儲政策甚至地緣政治緊張局勢等方面的混合信號。特朗普政府對來自加拿大和墨西哥等美國貿易伙伴的進口實施關税的舉措，加劇了對其持續時間和影響的困惑。</p>
<p>話雖如此，除了市場情緒的變化外，沒有確鑿證據表明經濟狀況正在惡化，或者股票需要進一步大幅下跌。最近的發展只是股票在未來需要克服的 “擔憂壁壘” 的最新表現。</p>
<p>對於投資者來説，克服這些市場波動期的最佳策略是保持紀律性和長期視角——專注於那些盈利能力強、可靠的自由現金流能夠在不同市場週期中生存的高質量公司。</p>
<p>我相信 Meta Platforms 是這樣一位行業領導者，能夠繼續實現盈利增長。該公司不僅在貿易政策上相對獨立，而且在全球多元化方面也表現良好。</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>圖片來源：Getty Images。</p>
<h2>準備反彈的市場領導者</h2>
<p>2024 年對 Meta 來説是一個巨大的年份，收入增長 22%，截至 12 月 31 日的每股收益（EPS）增長 61%，相比 2023 年有所加速。儘管公司的核心廣告業務依然強勁，但更大的故事可能是其在人工智能（AI）領域的領導地位，成為新的增長驅動力。</p>
<p>Meta 成功利用其 34 億用户（稱為每日活躍用户（DAP））在 Instagram 和 WhatsApp 等平台上實現越來越高的貨幣化水平。AI 在這一過程中發揮了關鍵作用，通過優化廣告定位，已經證明能夠提升轉化率。Meta 指出，其 AI 驅動的算法旨在保持用户參與，同時開啓新的收入來源。此外，Meta 的開源 AI 倡議，包括其 Llama 大型語言學習模型（LLM），突顯了公司在創新前沿的能力。</p>
<p>根據 Yahoo! Finance 追蹤的華爾街分析師的觀點，財務勢頭將繼續，預計今年收入增長 15%。每股收益預估為 25.15 美元，代表同比增長 5.4%，這考慮了 Meta 計劃在 AI 方面進行重大投資的指導。儘管如此，過去兩年的趨勢依然令人印象深刻，Meta 有空間調整支出計劃以支持盈利能力。</p>
<p>總體而言，Meta Platforms 作為投資的吸引力恰恰在於其盈利前景的可見性。</p>
<table>
<thead>
<tr>
<th>指標</th>
<th>2024</th>
<th>2025 預估</th>
</tr>
</thead>
<tbody>
<tr>
<td>收入</td>
<td>1645 億美元</td>
<td>1885 億美元</td>
</tr>
<tr>
<td>收入增長（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>每股收益增長（同比）</td>
<td>60.5%</td>
<td>5.4%</td>
</tr>
</tbody>
</table>
<p>數據來源：Yahoo! Finance。</p>
<p>在我看來，使該股票更具吸引力的是其誘人的估值。它的前瞻市盈率（P/E）為 2025 年每股收益的 24 倍。這個水平低於 Meta 五年平均的接近 27 的收益倍數。這表明，考慮到其顯著的高科技特徵，該股票可能是一個便宜的選擇，能夠維持更高的估值。</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）數據來自 YCharts。</p>
<h2>最後思考</h2>
<p>我對 Meta Platforms 持樂觀態度，並相信近期股市的疲軟是暫時的，該股票有良好的反彈位置。對投資者來説，一種有用的策略是定投，即在市場下跌時逐步購買股票，以降低短期風險。最終，Meta 是希望通過一流的科技領導者捕捉 AI 高層主題的投資者的絕佳選擇。</p>

META

<p>納斯達克綜合指數已進入調整區間，較峯值下跌 14%，引發了對經濟的擔憂。儘管 Meta Platforms 年初至今上漲了 4%，但在過去一個月中卻下跌了 15%。分析師建議，現在可能是一個不錯的買入時機，因為 Meta 的收入和盈利預計將增長，這得益於其強大的廣告業務和人工智能舉措。該股票的市盈率低於其五年平均水平，顯示出潛在的價值。對於希望在市場波動期間降低風險的投資者，建議採用定投策略</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>在去年股市創下歷史新高之後，2025 年的開始提醒我們，風險和價格波動是投資過程中正常的部分。</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>事實上，<strong>納斯達克綜合指數</strong>(^IXIC 0.70%) 已經進入調整區域。由於對經濟強勁程度的擔憂再次升温，該指數較歷史最高點下跌約 14%（截至本文撰寫時）。在這場動盪中，一隻受到影響的股票是科技和社交媒體巨頭 <strong>Meta Platforms</strong>(META 1.58%)。儘管年初至今仍保持着 4% 的温和漲幅，但過去一個月股價下跌了約 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>現在是購買 Meta Platforms 股票的好時機嗎？以下是您需要了解的內容。</p>
</div><h2>Overcoming the wall of worry</h2>
<div class="lb-trans"><h2>克服擔憂的壁壘</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>在股市調整期間，投資者感到焦慮是可以理解的。市場似乎在一些宏觀經濟不確定性領域跌入困境，反映出消費者支出、就業增長、通貨膨脹方向、利率、美聯儲政策甚至地緣政治緊張局勢等方面的混合信號。特朗普政府對來自加拿大和墨西哥等美國貿易伙伴的進口實施關税的舉措，加劇了對其持續時間和影響的困惑。</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>話雖如此，除了市場情緒的變化外，沒有確鑿證據表明經濟狀況正在惡化，或者股票需要進一步大幅下跌。最近的發展只是股票在未來需要克服的 “擔憂壁壘” 的最新表現。</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>對於投資者來説，克服這些市場波動期的最佳策略是保持紀律性和長期視角——專注於那些盈利能力強、可靠的自由現金流能夠在不同市場週期中生存的高質量公司。</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 是這樣一位行業領導者，能夠繼續實現盈利增長。該公司不僅在貿易政策上相對獨立，而且在全球多元化方面也表現良好。</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>圖片來源：Getty Images。</p>
</div><h2>A market leader poised to rebound</h2>
<div class="lb-trans"><h2>準備反彈的市場領導者</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 年對 Meta 來説是一個巨大的年份，收入增長 22%，截至 12 月 31 日的每股收益（EPS）增長 61%，相比 2023 年有所加速。儘管公司的核心廣告業務依然強勁，但更大的故事可能是其在人工智能（AI）領域的領導地位，成為新的增長驅動力。</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 億用户（稱為每日活躍用户（DAP））在 Instagram 和 WhatsApp 等平台上實現越來越高的貨幣化水平。AI 在這一過程中發揮了關鍵作用，通過優化廣告定位，已經證明能夠提升轉化率。Meta 指出，其 AI 驅動的算法旨在保持用户參與，同時開啓新的收入來源。此外，Meta 的開源 AI 倡議，包括其 Llama 大型語言學習模型（LLM），突顯了公司在創新前沿的能力。</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>根據 Yahoo! Finance 追蹤的華爾街分析師的觀點，財務勢頭將繼續，預計今年收入增長 15%。每股收益預估為 25.15 美元，代表同比增長 5.4%，這考慮了 Meta 計劃在 AI 方面進行重大投資的指導。儘管如此，過去兩年的趨勢依然令人印象深刻，Meta 有空間調整支出計劃以支持盈利能力。</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>總體而言，Meta Platforms 作為投資的吸引力恰恰在於其盈利前景的可見性。</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>指標</th>
<th>2024</th>
<th>2025 預估</th>
</tr>
</thead>
<tbody>
<tr>
<td>收入</td>
<td>1645 億美元</td>
<td>1885 億美元</td>
</tr>
<tr>
<td>收入增長（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>每股收益增長（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>數據來源：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>在我看來，使該股票更具吸引力的是其誘人的估值。它的前瞻市盈率（P/E）為 2025 年每股收益的 24 倍。這個水平低於 Meta 五年平均的接近 27 的收益倍數。這表明，考慮到其顯著的高科技特徵，該股票可能是一個便宜的選擇，能夠維持更高的估值。</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）數據來自 YCharts。</p>
</div><h2>Final thoughts</h2>
<div class="lb-trans"><h2>最後思考</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>我對 Meta Platforms 持樂觀態度，並相信近期股市的疲軟是暫時的，該股票有良好的反彈位置。對投資者來説，一種有用的策略是定投，即在市場下跌時逐步購買股票，以降低短期風險。最終，Meta 是希望通過一流的科技領導者捕捉 AI 高層主題的投資者的絕佳選擇。</p>
</div>

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

- 納斯達克綜合指數已進入調整區間，下降約 14%。
- Meta Platforms 在 2024 年實現 22% 收入增長，預計 2025 年繼續增長。
- 當前股價低於五年平均水平，可能是投資的良機。

納斯達克剛剛進入調整區間：現在是買入 Meta Platforms 股票的好時機嗎？