UPDATE: Meta Platforms Inc. (FB) PT Raised to $330 at Morgan Stanley on Better Reels Engagement
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Go back to UPDATE: Meta Platforms Inc. (FB) PT Raised to $330 at Morgan Stanley on Better Reels Engagement
April 28, 2022 6:40 AM EDT
Susquehanna analyst Shyam Patil lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $290.00 (from $375.00) while maintaining a Positive rating following results which were better than feared.
The analyst commented, "The results and outlook were generally better than feared given the choppy... More
April 28, 2022 5:59 AM EDT
Shares of Meta (NASDAQ: FB) are up as much as 17% in premarket trading Thursday after the social media company reported Q1 results and offered guidance.
Meta reported a Q1 EPS of $2.72, topping the consensus estimates of $2.56, according to Refinitiv. Revenue came in at $27.91 billion, missing the estimates of $28.2 billion.
The company reported 1.96 billion Daily Active Users (DAUs) in the period, just above the expected 1.95 billion. Monthly Active Users (MAUs) totaled 2.94 billion in Q1, short of the analyst consensus of 2.97 billion.
FB reported average revenue per user (ARPU) of $9.54, while analysts were looking... More
