Meta Platforms (META) Misses Q4 EPS by 50c, Revenue Beats, Offers Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Meta downgraded at HSBC following 4Q miss; announces 2023 as 'year of efficiency'
February 3, 2023 8:26 AM ESTHSBC Global Research downgraded Meta Platforms (NASDAQ: META) to a Reduce rating (From Hold), and reiterated a price target of $110.00, following the social media companys 4Q results. Meta reported 4Q EPS of $1.76, missing the consensus estimate of $2.20.
The results showed higher users and growing engagement, but a 4.5% revenue decrease and a large restructuring charge of $4.2bn, only partially offset by lower depreciation. 2022 marks the first year of declining revenue at Meta.
Facebook... More
Meta Platforms Inc. (META) PT Raised to $240 at Monness, Crespi, Hardt
February 2, 2023 8:47 AM ESTMonness, Crespi, Hardt analyst Brian White raised the price target on Meta Platforms Inc. (NASDAQ: META) to $240.00 (from $150.00) while maintaining a Buy rating following results and the $40 billion buyback news.
The analyst commented, "Last night, Meta reported 4Q:22 upside, issued a healthy 1Q:23... More
Wall Street analysts switch stance on Meta Platforms (META) following Q4 earnings
February 2, 2023 8:12 AM ESTFollowing Meta Platforms' (NASDAQ: META) earnings release after the close on Wednesday, Wall Street analysts are sounding a more positive tone on the stock, with price targets being lifted and BofA and Rosenblatt Securities upgrading the company's shares to Buy.
Meta shares are up more than 19% premarket.
BofA upgraded the tech giant's shares to Buy from Neutral, raising the price target to $200 from $160 per share. Analyst Justin Post told... More
Meta Platforms (META) announces $40 billion increase in share repurchase authorization
February 1, 2023 4:08 PM ESTMeta Platforms (NASDAQ: META) announces $40 billion increase in share repurchase authorization
... More