Meta downgraded at HSBC following 4Q miss; announces 2023 as 'year of efficiency'
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Texas to ban TikTok on devices used to conduct state business
February 6, 2023 1:42 PM ESTTexas Governor Greg Abbott announced a statewide plan to ban the use of TikTok.
The plan is aimed at addressing vulnerabilities presented by the use of TikTok and other software on personal and state-issued devices, it was revealed in a press release.
"Texans, especially our state agencies and employees, must be protected from having sensitive information shared with the Chinese Communist Party," the... More
U.S. stock futures slip amid disappointing tech results, looming labor market data
February 3, 2023 7:14 AM ESTBy Scott Kanowsky
Investing.com -- U.S. stock futures pointed lower on Friday, with traders digesting a string of downbeat results from tech sector heavyweights and awaiting the release of a key U.S. labor market data.
At 06:35 ET (11:35 GMT), S&P 500 futures traded 36 points or 0.86% lower, and tech-heavy Nasdaq 100 futures shed 195 points or 1.52%. The Dow futures contract also dropped by 122 points or 0.36%.
The gloomier sentiment stands broadly in contrast to the end of the prior session when the NASDAQ Composite and S&P 500 ticked higher thanks to softer language on... More
HSBC Downgrades Meta Platforms Inc. (META) to Reduce, 'More Headwinds than Tailwinds'
February 3, 2023 2:29 AM EST(Updated - February 3, 2023 3:45 AM EST)
HSBC analyst Nicolas Cote-Colisson downgraded Meta Platforms Inc. (NASDAQ: META) from Hold to Reduce with a price target of $110.00.
The analyst comments "Almost all of Metas revenue and all of its profits are a function of the digital advertising market, which is a function of GDP... More
Today's most important upgrades
February 2, 2023 4:04 PM ESTFollowing Meta Platforms' (NASDAQ: META) announced Q4 revenue beat, stricter cost controls this year, and a $40 billion share buyback, Wall Street analysts are sounding a more positive tone on the stock, with price targets being lifted and BofA Securities, Piper Sandler and Rosenblatt Securities upgrading the company's shares.
BofA upgraded the stock to Buy from Neutral and raised its price target to $200 from $160, noting that a big change in positioning can drive multiple expansions.
Piper Sandler upgraded the stock to Overweight from Neutral and raised its price target to... More
Midday movers: Meta Platforms, Align Technology, UnitedHealth Group and more
February 2, 2023 1:38 PM ESTBy Liz Moyer
Investing.com -- Stocks were rising on a Meta-fueled tech rally that lifted the Nasdaq more than 3% on Thursday. Here are the midday movers for Feb.2.
Meta Platforms Inc (NASDAQ: META) shares... More
U.S. FTC denies Meta petition to recuse Khan from Within Unlimited review
February 2, 2023 12:05 PM ESTBy David Shepardson
WASHINGTON (Reuters) -The Federal Trade Commission (FTC) rejected a petition filed by Facebook-parent Meta seeking the recusal of Chair Lina Khan from participating in any decision concerning the review of Metas proposed merger with virtual reality app maker Within Unlimited.
The FTC, which sued in July to block the deal, said without Khan's participation that it had denied the order.
U.S. Judge Edward Davila on Tuesday ruled... More
FTC Rejects Meta’s (META) Request To Bar Khan From Within Merger Case - Bloomberg
February 2, 2023 11:38 AM ESTFTC Rejects Metas (NASDAQ: META) Request To Bar Khan From Within Merger Case - Bloomberg
... MoreMeta Platforms (META) call put ratio 1.7 calls to 1 put as shares rally 25%
February 2, 2023 11:09 AM ESTMeta Platforms (NASDAQ: META) February weekly call option implied volatility is at 94, February is at 53; compared to its 52-week range of 37 to 79 after quarter results and outlook. Call put ratio 1.7 calls to 1 put as shares rally 25%.
... MoreMeta Platforms (META) extends gain, up 25%
February 2, 2023 11:05 AM ESTMeta Platforms (NASDAQ: META) extends gain, up 25%
Meta leaps in premarket, pulling Amazon, Alphabet higher; Estee Lauder falls
February 2, 2023 9:23 AM ESTBy Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Thursday, 2nd February.
Meta Platforms (NASDAQ: META) stock surged 20% after the social media giant added $40 billion to... MoreMeta 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 Inc. (META) PT Raised to $228 at Citi
February 2, 2023 7:49 AM ESTCiti analyst Ronald Josey raised the price target on Meta Platforms Inc. (NASDAQ: META) to $228.00 (from $168.00) while maintaining a Buy rating.... More
Meta Platforms Inc. (META) PT Raised to $225 at Jefferies
February 2, 2023 7:42 AM ESTJefferies analyst Brent Thill raised the price target on Meta Platforms Inc. (NASDAQ: META) to $225.00 (from $175.00) while maintaining a Buy rating.... More
Meta Platforms Inc. (META) PT Raised to $200 at CFRA
February 2, 2023 7:21 AM ESTCFRA raised its price target on Meta Platforms Inc. (NASDAQ: META) to $200.00 (from $150.00) while maintaining a Hold rating.... More
Rosenblatt Upgrades Meta Platforms Inc. (META) to Buy
February 2, 2023 6:57 AM EST(Updated - February 2, 2023 7:09 AM EST)
Rosenblatt analyst Barton Crockett upgraded Meta Platforms Inc. (NASDAQ: META) from Neutral to Buy with a price target of $220.00 (from $104.00).
The analyst comments "Meta trades at an EV of 6.6X 2023E EBITDA,... More
Meta Platforms Inc. (META) PT Raised to $255 at SVB Leerink
February 2, 2023 6:36 AM ESTSVB Leerink analyst Michael Nathanson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $255.00 (from $220.00) while maintaining a Outperform rating.... More
Meta Platforms (META) Announces Resignation of Chief Accounting Officer
February 2, 2023 6:23 AM ESTOn January 27, 2023, Susan J.S. Taylor informed Meta Platforms (NASDAQ: META) of her decision to resign from her position as Chief Accounting Officer of Meta after a transition period. Ms. Taylors decision to resign was due to personal reasons and not as... More
Meta Platforms Inc. (META) PT Raised to $215 at Goldman Sachs
February 2, 2023 6:11 AM ESTGoldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $215.00 (from $164.00) while maintaining a Buy rating.... More
Meta Platforms Inc. (META) PT Raised to $225 at Susquehanna
February 2, 2023 6:11 AM ESTSusquehanna analyst Shyam Patil raised the price target on Meta Platforms Inc. (NASDAQ: META) to $225.00 (from $140.00) while maintaining a Positive rating.... More
BofA Securities Upgrades Meta Platforms Inc. (META) to Buy
February 2, 2023 6:02 AM ESTBofA Securities analyst Justin Post upgraded Meta Platforms Inc. (NASDAQ: META) from Neutral to Buy with a price target of $220.00 (from $160.00).
For an analyst ratings summary and ratings history on Meta Platforms Inc.... More
Meta Platforms Inc. (META) PT Raised to $235 at UBS
February 2, 2023 6:02 AM ESTUBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $235.00 (from $158.00) while maintaining a Buy rating.... More
Meta mojo is back as earnings surprise powers Big Tech rally
February 2, 2023 6:00 AM ESTBy Aditya Soni and Medha Singh
(Reuters) - Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion.
The company added more than $90 billion to its market value and the stock logged its best day in a decade. The surge also lifted shares of Amazon.com, Apple and Alphabet, all of which sport valuations of more than $1 trillion and will report earnings after market close.
Meta's move... More
Meta Platforms Inc. (META) PT Raised to $210 at Roth Capital
February 2, 2023 5:58 AM ESTRoth Capital analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $210.00 (from $125.00) while maintaining a Buy rating.... More
Meta Platforms Inc. (META) PT Raised to $225 at JPMorgan
February 2, 2023 5:56 AM ESTJPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $225.00 (from $150.00) while maintaining a Overweight rating.... More
Meta Platforms Inc. (META) PT Raised to $260 at Barclays
February 2, 2023 5:50 AM ESTBarclays analyst Ross Sandler raised the price target on Meta Platforms Inc. (NASDAQ: META) to $260.00 (from $165.00) while maintaining a Overweight rating.... More
Meta Platforms Inc. (META) PT Raised to $220 at Credit Suisse
February 2, 2023 5:47 AM ESTCredit Suisse analyst Stephen Ju raised the price target on Meta Platforms Inc. (NASDAQ: META) to $220.00 (from $180.00) while maintaining a Outperform rating.... More
Stocks expected to have increasing option volume: META AAPL AMZN GOOG GOOGL
February 2, 2023 5:16 AM ESTStocks expected to have increasing option volume: META AAPL AMZN GOOG GOOGL
... MoreMeta Platforms Inc. (META) PT Raised to $200 at Deutsche Bank
February 2, 2023 5:13 AM ESTDeutsche 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
February 2, 2023 3:41 AM ESTPiper 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
February 2, 2023 2:59 AM ESTEvercore 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
February 2, 2023 2:54 AM ESTGuggenheim 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
February 2, 2023 2:54 AM ESTCanaccord 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
February 2, 2023 2:53 AM ESTBofA 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
February 2, 2023 2:53 AM ESTRaymond 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
February 2, 2023 2:52 AM ESTMizuho 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
February 2, 2023 2:51 AM ESTBaird 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
February 2, 2023 2:51 AM ESTStifel 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
February 2, 2023 2:33 AM ESTMorgan 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
February 2, 2023 2:01 AM ESTWolfe 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
February 2, 2023 1:57 AM ESTBernstein 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
February 2, 2023 1:48 AM ESTJMP 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
February 2, 2023 12:58 AM ESTMorgan 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
After-hours movers: Meta surges on better results, lifts other FAANG stocks
February 1, 2023 5:50 PM ESTAfter-Hours Stock Movers:
Meta Platforms (NASDAQ: META) 19% HIGHER; reported Q4 EPS of $1.76, $0.50 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $32.17 billion versus the consensus estimate of $31.53 billion. Meta also announced today a... More
Meta Platforms shares surge as Zuckerberg promises sharper focus on returns
February 1, 2023 4:32 PM EST(Updated - February 2, 2023 5:37 AM EST)
Meta Platforms (NASDAQ: META) stock was on course for its highest opening in eight months, after reporting a rebound in profits and promising a big step up in shareholder returns.
The company said it will buy back another $40 billion of stock and cut its forecast for operating costs by around 7%, as Zuckerberg signaled a sharper focus on profitability. He said the company will scale down some of its expensive bets on new projects and take a new look at ventures that are... More
Meta Platforms (META) shares jump 13% following earnings, guidance
February 1, 2023 4:10 PM ESTMeta Platforms (NASDAQ: META) shares jump 13% following earnings, guidance
... MoreMeta stuns Street with lower costs, big buyback, upbeat sales
February 1, 2023 4:09 PM ESTBy Katie Paul and Nivedita Balu
(Reuters) -Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency."
The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking.
Meanwhile, it will cut costs in 2023 by $5 billion to a range of $89 billion to $95 billion, a steep drop from the $94 billion to... 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
... MoreMeta Platforms (META) Misses Q4 EPS by 50c, Revenue Beats, Offers Guidance
February 1, 2023 4:06 PM ESTMeta Platforms (NASDAQ: META) reported Q4 EPS of $1.76, $0.50 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $32.17 billion versus the consensus estimate of $31.53 billion.
Meta also announced today a $40 billion increase in their share repurchase authorization.
Family daily active people (DAP) DAP was 2.96 billion on average for December 2022, an increase of 5% year-over-year.Family monthly active people (MAP) MAP was 3.74 billion as of December 31, 2022, an increase of 4% year-over-year.Facebook daily active users (DAUs) DAUs were 2.00 billion on average for December 2022, an increase of 4% year-over-year.Facebook monthly... MoreMeta Platforms (META) call put ratio 1.2 calls to 1 put as shares trade $150 into quarter results
February 1, 2023 2:29 PM ESTMeta Platforms (NASDAQ: META) February weekly call option implied volatility is at 157, February is at 68; compared to its 52-week range of 37 to 79 into the expected release of quarter results today after the bell. Call put ratio 1.2 calls to 1 put.
... MoreMidday movers: Peloton Interactive, Electronic Arts, Match Group and more
February 1, 2023 12:54 PM ESTBy Liz Moyer
Investing.com -- Stocks were lower on Wednesday ahead of the Federal Reserve's decision on interest rates and a press conference by Chair Jerome Powell. Here are the midday movers for Feb.1.
Peloton... More
Meta Platforms (META) call put ratio 1.7 calls to 1 put with focus on February weekly 150 calls
February 1, 2023 10:25 AM ESTMeta Platforms (NASDAQ: META) February weekly call option implied volatility is at 163, February is at 73; compared to its 52-week range of 37 to 79 into the expected release of quarter results today after the bell. Call put ratio 1.7 calls to 1 put with focus on February weekly 150 calls.
... MoreMeta Platforms (META) Wins Court Nod To Buy Within Unlimited In Loss For FTC - Bloomberg
February 1, 2023 9:31 AM ESTMeta (NASDAQ: META) Overcomes FTC Challenge According To People Familiar - Bloomberg
Wins Court Nod To Buy Within Unlimited In Loss For FTC... MoreSnap, EA tumble in premarket; Meta, T-Mobile fall, AMD rises
February 1, 2023 9:27 AM ESTBy Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Wednesday, 1st February. Please refresh for updates.
Snap (NYSE: SNAP) stock fell 13.1% after the Snapchat owner said it expects revenue to fall in the current quarter, its first ever decline, due to a weak environment for advertising. The companys warning also dragged Pinterest (NYSE: PINS)... MoreSnap's earnings may hold positive news for Meta, Google
February 1, 2023 6:19 AM ESTBy Sheila Dang and Nivedita Balu
(Reuters) - A rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday.
Shares of the Snapchat owner fell 13% on a dour revenue forecast, which the company blamed on a weak economy and stiff competition. But Snap's direct response advertising business, which is key for market leaders Meta and Google, was a bright spot.
Sales from the business rose 4% in the fourth quarter, Snap said.
"Snap is impacted by the... More
Meta Platforms (META) February weekly 149 straddle priced into quarter results
February 1, 2023 5:03 AM ESTMeta Platforms (NASDAQ: META) February weekly 149 straddle priced for a move of 12% into the expected release of quarter results today after the bell.
... MoreStocks expected to have increasing option volume: META AAPL AMZN GOOG GOOGL F
February 1, 2023 4:46 AM ESTStocks expected to have increasing option volume: META AAPL AMZN GOOG GOOGL F
... More
