META vs. GOOGL: Which Big Tech Stock is Better?
In this piece, I evaluated two Big Tech stocks, Meta Platforms (NASDAQ:META) and Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), using TipRanks' comparison tool to determine which is better. Meta shares have more than doubled year-to-date, while Alphabet stock is up a "mere" 37%. However, over the last 12 months, Alphabet has only gained 6%. On the other hand, Meta is up more than 40% over the last 12 months.
Of course, Meta Platforms and Alphabet need no introduction and aren't going anywhere anytime soon. Thus, what's being considered is whether now might be a good entry point based on the current prices and past trends.
Meta Platforms (NASDAQ:META)
Facebook parent Meta Platforms is trading at a price-to-earnings (P/E) multiple of 33.7 versus its five-year mean P/E of 24.8. In fact, it's trading roughly at the top of the range of its P/E over that time period despite its recent struggles. Thus, a neutral view seems appropriate for now.