Midday movers: Meta Platforms, Align Technology, UnitedHealth Group and more

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. LVS
6. SAP
7. CSX
8. LRCX
9. MRNA
10. SPCX

Go back to Midday movers: Meta Platforms, Align Technology, UnitedHealth Group and more

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

February 3, 2023 8:26 AM EST

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