Today's Most Important Downgrades
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October 26, 2022 4:38 PM EDT
Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More
October 26, 2022 4:24 PM EDT
JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More
October 25, 2022 10:27 AM EDT
Meta Platforms (NASDAQ: META) was maintained at Buy with its price target cut to $200 from $225 by Jefferies on Tuesday, who said Reels could become a revenue tailwind by FY24.
The firm explained that, at the moment, Reels is still a small contributor with a $1 billion annual run rate. However, Jefferies analysis indicates it can... More
