UPDATE: Facebook (FB) PT Raised to $400 at Morgan Stanley After Impressive Growth Misses Whisper
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Facebook (FB) PT Raised to $500 at Monness, Crespi, Hardt, Matching 'Street High'
July 29, 2021 7:57 AM EDTMonness, Crespi, Hardt analyst Brian White raised the price target on Facebook (NASDAQ: FB) to $500.00 (from $460.00) while maintaining a Buy rating.
The analyst commented, "Facebook reported strong 2Q:21 results and unveiled its vision for the future; however, recent upside in the digital ad world... More
Facebook (FB) PT Raised to $425 at Jefferies
July 29, 2021 7:55 AM EDTJefferies analyst Brent Thill raised the price target on Facebook (NASDAQ: FB) to $425.00 (from $400.00) while maintaining a Buy rating.
The analyst commented, "e are positive on Q2 results, as 56% y/y rev growth (vs. street's +49%) at a 43% GAAP op. margin represents the... More