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

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

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

UPDATE: Facebook (FB) PT Lowered to $430 at Credit Suisse, Could be in the Penalty Box for a Year

October 26, 2021 4:12 AM EDT

(Updated - October 26, 2021 7:13 AM EDT)

Credit Suisse analyst Stephen Ju lowered the price target on Facebook (NASDAQ: FB) to $430.00 (from $500.00) while maintaining a Outperform rating noting that shares could be in limbo until investors have a better grasp on 2023... More

Facebook (FB) PT Lowered to $415 at RBC Capital

October 26, 2021 2:00 AM EDT

RBC Capital analyst Brad Erickson lowered the price target on Facebook (NASDAQ: FB) to $415.00 (from $425.00) while maintaining a Outperform rating.... More

Facebook (FB) PT Lowered to $400 at JMP Securities

October 26, 2021 1:52 AM EDT

JMP Securities analyst Ronald Josey lowered the price target on Facebook (NASDAQ: FB) to $400.00 (from $425.00) while maintaining a Market Outperform rating.... More

After-Hours Stock Movers 10/25: (ANAB) (GERN) (FB) Higher; (VTNR) (CLAR) (UHS) Lower (more...)

October 25, 2021 5:39 PM EDT

After-Hours Stock Movers:

Vertex Energy, Inc. (NASDAQ: VTNR) 15.6% LOWER; announced its intention to offer, subject to market conditions and other factors, $155 million aggregate principal amount at maturity of its convertible senior notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers and/or to "accredited investors" in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act").

AnaptysBio, Inc. (Nasdaq:... More

Facebook (FB) Stock Jumps With Guidance Not As Bad as Feared

October 25, 2021 4:36 PM EDT

Facebook (NASDAQ: FB) stock gained 4% after-hours Monday after reporting mixed third-quarter results and providing guidance while being lower, was not as bad as some had feared following results last week from rival Snap.

The social media giant reported its Q3 results, with EPS coming in at $3.22, slightly above the consensus estimate of $3.19, but revenue of... More

Facebook invests billions in metaverse efforts as ad business slows

October 25, 2021 4:10 PM EDT

By Elizabeth Culliford and Nivedita Balu

(Reuters) -Facebook Inc said on Monday it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build the "metaverse" and as it reported that its main advertising business faces "significant uncertainty."

Facebook, which reported third-quarter profit up 17%, warned that Apple Inc's new privacy changes would weigh on its digital business in the current quarter. The social media company reported quarterly revenue below market expectations, which Chief Operating Officer Sheryl Sandberg told analysts... More

Facebook (FB) Raises Buyback By $50B

October 25, 2021 4:07 PM EDT

Facebook (NASDAQ: FB) announced today a $50 billion increase in their share repurchase authorization.

... More

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

October 25, 2021 4:06 PM EDT

(Updated - October 25, 2021 4:08 PM EDT)

Facebook (NASDAQ: FB) reported Q3 EPS of $3.22, $0.03 better than the analyst estimate of $3.19. Revenue for the quarter came in at $29.01 billion versus the consensus estimate of $29.58 billion.

Facebook daily active users (DAUs) DAUs were 1.93 billion on average for September 2021, an increase of 6% year-over-year.Facebook monthly active users (MAUs) MAUs were 2.91 billion as of September 30, 2021, an increase of 6% year-over-year.Family daily active people (DAP) DAP was 2.81 billion on average for September 2021, an increase of 11% year-over-year.Family monthly active people (MAP) MAP was 3.58 billion as of September 30, 2021, an increase of 12%... More