Meta Platforms Inc. (FB) PT Lowered to $320 at Truist Securities
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
Meta Platforms Inc. (FB) PT Lowered to $290 at Susquehanna
April 28, 2022 6:40 AM EDTSusquehanna 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
Meta Platforms (FB) Stock Soars 17% on Better-than-feared Results, Analysts See Attractive Valuation
April 28, 2022 5:59 AM EDTShares 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
