Facebook (FB) Tops Q3 EPS by 3c, MAUs were 2.91 billion, Offers Guidance

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Facebook (FB) PT Lowered to $460 at Monness, Crespi, Hardt

October 26, 2021 8:06 AM EDT

Monness, Crespi, Hardt analyst Brian White lowered the price target on Facebook (NASDAQ: FB) to $460.00 (from $500.00) while maintaining a Buy rating.

The analyst commented, "Facebook reported lackluster 3Q:21 results and issued a tepid 4Q:21 outlook but unveiled a new $50 billion stock repurchase... More

Facebook (FB) PT Lowered to $420 at Jefferies

October 26, 2021 7:41 AM EDT

Jefferies analyst Brent Thill lowered the price target on Facebook (NASDAQ: FB) to $420.00 (from $440.00) while maintaining a Buy rating.

The analyst commented, "At first glance, Q3 results were mostly negative with a 2% rev miss, Q4 rev guidance 5% below street (at midpoint),... More

Facebook (FB) Stock Gains Despite Missing on Q3 Revenue and Q4 Guidance, Analysts Lower PTs But Remain Positive as IDFA Headwinds Though Not as Bad as Feared

October 26, 2021 5:54 AM EDT

Shares of Facebook (NASDAQ: FB) are up nearly 3% in pre-open Tuesday after the company delivered mixed Q3 results.

Facebook reported Q3 EPS of $3.22 to top the analyst estimate of $3.19. Revenue for the quarter came in at $29.01 billion, lower than the consensus estimate of $29.58 billion.

"We made good progress this quarter and our community continues to grow. I'm excited about our roadmap, especially around creators, commerce, and helping to build the metaverse, said Mark Zuckerberg, Facebook founder and CEO.

Daily active users (DAUs) came in line with the expectations at 1.93 billion, while monthly... More

UPDATE: Facebook's (FB) IDFA Woes are a Bump in the Road to Metaverse, PT Raised to $400 at BofA Securities

October 26, 2021 5:46 AM EDT

(Updated - October 26, 2021 6:29 AM EDT)

BofA Securities analyst Justin Post raised the price target on Facebook (NASDAQ: FB) to $400.00 (from $385.00) while maintaining a Buy rating after the company reported revenue of $29.0bn, (+35% y/y) below the Street at $29.6bn. Ad... More

Facebook (FB) PT Lowered to $410 at Raymond James

October 26, 2021 5:28 AM EDT

Raymond James analyst Aaron Kessler lowered the price target on Facebook (NASDAQ: FB) to $410.00 (from $450.00) while maintaining a Strong Buy rating.

The analyst commented, "Facebook reported 3Q results below consensus, but better than feared following last weeks commentary from SNAP on the... More