Meta Platforms shares surge as Zuckerberg promises sharper focus on returns

Evercore ISI Removes Apple (AAPL) From Tactical Outperform List

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "We are removing AAPL from the Tactical Outperform list as the potential catalyst for our call took place yesterday during their earnings print. AAPL reported Dec-qtr results of $117B/1.88 vs. street at $124B/1.95 with sales declining 5% y/y due to headwinds from f/x (~800bps), production... More

Meta downgraded at HSBC following 4Q miss; announces 2023 as 'year of efficiency'

HSBC 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

Apple (AAPL) fundamentals have deteriorated further, argues analyst

Lynx Equity Strategies cut its price target on iPhone maker Apple (NASDAQ: AAPL) to $110 in a note to clients on Thursday, ahead of its earnings release after the close.

Lynx analyst KC Rajkumar told investors that expectations will "ratchet down" as 2023/24 comes into focus. The analyst also noted that earlier last month, Apple shares hit its previous Street low price target of $125 per share, set back in July.

"Over... More

Meta Platforms Inc. (META) PT Raised to $240 at Monness, Crespi, Hardt

Monness, 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

Meta Platforms Inc. (META) PT Raised to $200 at Deutsche Bank

Deutsche Bank analyst Leo Horowitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $200.00 (from $125.00) while maintaining a Buy rating.... More

Piper Sandler Upgrades Meta Platforms Inc. (META) to Overweight

Piper Sandler analyst Thomas Champion upgraded Meta Platforms Inc. (NASDAQ: META) from Neutral to Overweight with a price target of $215.00 (from $136.00).

For an analyst ratings summary and ratings history on Meta Platforms Inc.... More

Meta Platforms Inc. (META) PT Raised to $275 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $275.00 (from $170.00) while maintaining a Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $210 at Guggenheim

Guggenheim analyst Michael Morris raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $130.00) while maintaining a Buy rating.... More

Meta Platforms Inc. (META) PT Raised to $220 at Canaccord Genuity

Canaccord Genuity analyst Maria Ripps raised the price target on Meta Platforms Inc. (NASDAQ: META) to $220.00 (from $170.00) while maintaining a Buy rating.... More

Meta Platforms Inc. (META) PT Raised to $160 at BofA Securities

BofA Securities analyst Justin Post raised the price target on Meta Platforms Inc. (NASDAQ: META) to $160.00 (from $150.00) while maintaining a Neutral rating.... More

Meta Platforms Inc. (META) PT Raised to $220 at Raymond James

Raymond James analyst Aaron Kessler raised the price target on Meta Platforms Inc. (NASDAQ: META) to $220.00 (from $171.00) while maintaining a Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $210 at Mizuho Securities

Mizuho Securities analyst James Lee raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $170.00) while maintaining a Buy rating.... More

Meta Platforms Inc. (META) PT Raised to $205 at Baird

Baird analyst Colin Sebastian raised the price target on Meta Platforms Inc. (NASDAQ: META) to $205.00 (from $145.00) while maintaining a Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $210 at Stifel

Stifel analyst Mark Kelley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $180.00) while maintaining a Buy rating.... More

Meta Platforms Inc. (META) PT Raised to $190 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised the price target on Meta Platforms Inc. (NASDAQ: META) to $190.00 (from $130.00) while maintaining a Overweight rating.... More

Meta Platforms Inc. (META) PT Raised to $220 at Wolfe Research

Wolfe Research analyst Deepak Mathivanan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $220.00 (from $150.00) while maintaining a Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $210 at Bernstein

Bernstein analyst Mark Shmulik raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $170.00) while maintaining a Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $210 at JMP Securities

JMP Securities analyst Andrew Boone raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $150.00) while maintaining a Market Outperform rating.... More

Meta Platforms Inc. (META) PT Raised to $190 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised the price target on Meta Platforms Inc. (NASDAQ: META) to $190.00 (from $130.00) while maintaining a Equalweight rating.... More