Covid Hits Apple, Meta Layoffs, Crypto Bustup - What's Moving Markets

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Citi Sees Meta Platforms Inc. (META) 2023 GAAP EPS at $8.80

November 9, 2022 3:16 PM EST

Citi analyst Ronald Josey reiterated a Buy rating and $168.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Earlier today Meta announced a 13% RIF, lowered its 2023 opex outlook by $1.5B at the midpoint to $94-100B and tightened its... More

Analyst Upgrades Meta (META) as Market is Pricing in an 'Extreme Bearish Scenario'

November 7, 2022 8:37 AM EST

Meta Platforms (NASDAQ: META) shares are up over 3% in pre-open Monday after analysts weighed in positively on the companys plans to cut its operating expenses.

The Wall Street Journal reported over the weekend that Meta is planning to reduce its workforce this weak. The cut is expected to affect many... More