While the FANG stocks of Facebook, Amazon, Netflix, and Google dominated 2015, they have struggled to start 2016. Three of the four are lower or at least around the market’s performance at time of writing, though there is still one outlier in the group, Facebook ( (FB – Analyst Report).

Facebook remains in a class by itself for investors, as it is the only one of the four with a strong double digit stock performance (roughly) in Q1, and it is now easily leading the group over the past six months as well. But some concerns are now starting to appear over FB and their prospects. A few are worried about user post levels and publisher interest in the Instant Article program, and the stock is selling off as a result.

However, are these really reasons to be worried about FB shares, or does this present a great entry point for Facebook ahead of the next leg up? I think that Facebook still represents a great growth story, and if you look to recent estimates and some of its metrics, I think you’ll agree that FB is a buy at these levels.

Facebook in Focus

Recent estimates for FB earnings have been moving in the right direction and we actually haven’t seen an estimate lower for the past sixty days in either the current quarter or the current year. And the growth rates expected for EPS are impressive too, as this quarter growth is expected to be 92% year-over-year and 61% for the full year.

Much of this growth is based on Facebook’s continued dominance of mobile, but also their expansion into other areas as well. The company is quickly pushing into video, while their move into VR with the Oculus Rift looks to pay long term dividends as well. 

And while some might be posting less, new users are still flocking to the site and its many auxiliary properties like WhatsApp, Messenger, or Instagram. Take for example recent user growth statistics for the most recent quarterly update for their flagship Facebook site. Daily Active Users crossed the one billion mark, while mobile Daily Active Users looks to hit the one billion mark in the next report.

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