Meta stuns Street with lower costs, big buyback, upbeat sales
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- S&P, Dow edge higher on Mideast deal hopes; SpaceX debut in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Wall St set to gain on tech rebound, Middle East in focus
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
