Meta Platforms Inc. (META) has been identified as one of the cheapest big tech stocks, earning it a new 'buy' call. Analysts highlight several reasons for its low trading price, including the perception of fashion risk, where there is a fear that Meta could become irrelevant like MySpace. Despite this, there is significant trading activity around the stock, with notable purchases such as 1000 October 25th $505 calls for $23.75 and 2400 October 4th $530 calls at $11.10 to $11.20. Meta's stock price is currently being closely watched around the $500 level, with potential tests down to $480-$460 if it falls below this threshold. Investors are also anticipating a run into earnings at the end of October, with some predicting explosive growth if the stock breaks above $530. Additionally, a top analyst has chosen Meta and Amazon as the best internet stocks to buy.