Analysts Reset Meta Stock Price Target After Earnings
Meta platforms shares tumbled in early thursday trading, potentially hiving more than $200 billion from its market value, as the facebook parent cautioned that the cost of ai. Analysts update meta stock price target with q3 earnings in focus. In fact, there was much talk about the two billionaires duking it out in a mixed martial arts cage. Analysts generally expect positive revenue and earnings. Analysts revise meta stock price targets after earnings.
Among the standout performers dubbed the ‘magnificent seven,’ meta. Analyst lift meta stock price target before q3 earnings. Meta’s sales continue to impress investors. Ubs raised the meta platforms price target to $690 from $635 on oct. 7, keeping a buy. Meta platforms posted earnings of $6. 03 per share, up 14. 9% from a year ago and above analysts' consensus estimate of $5. 25 per share. Revenue rose 18. 9% to $40. 59. Its quarterly revenue of $40. 59 billion exceeded analysts' estimates. User growth slightly missed. Meta’s stock’s performance comes after the company reported q2 2024 earnings per share (eps) of $5. 16, beating expectations of $5. 72 on revenue of $39. 1 billion, above the. Analysts' price targets, meanwhile, ranged from around $500 to $675. The median target, $613. 72, represents a premium to tuesday's close of a bit more than 3%. Meta platforms posted earnings of $6. 03 per share, up 14. 9% from a year ago and above analysts' consensus estimate of $5. 25 per share. Revenue rose 18. 9% to $40. 59 billion, nearly all of it from.
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Analysts' price targets, meanwhile, ranged from around $500 to $675. The median target, $613. 72, represents a premium to tuesday's close of a bit more than 3%. Meta platforms posted earnings of $6. 03 per share, up 14. 9% from a year ago and above analysts' consensus estimate of $5. 25 per share. Revenue rose 18. 9% to $40. 59 billion, nearly all of it from.