New Street Research Downgrades Meta Platforms Inc. (META) to Neutral, 'Re-rating likely over, we move to the sidelines'

Analysts raise targets on Meta Platforms (META) stock into Q1 earnings

April 19, 2023 8:37 AM EDT

Wall Street analysts continue to weigh in positively on Meta Platforms (NASDAQ: META) as the social media giant prepares to report Q1 results.

Bank of America analyst Justin Post hiked the price target to $250 per share despite being below the Street. BofAs ad checks were mixed as spending likely decelerated.

Revenue is seen at $27.1 billion, below the $27.7B expected by Wall Street. EPS is expected at $1.94, also... More

Meta Platforms (META) remains JPMorgan's favorite online ad name and top pick

April 18, 2023 8:00 AM EDT

JPMorgan's Doug Anmuth reiterated Meta Platforms (NASDAQ: META) as a top pick, stating there are signs of stabilization in the online ad market, with an improvement through the first quarter, but visibility remains limited.

The analyst explained that the online ad... More

Meta Platforms (META) Remains JPMorgan Top Pick, 'our favorite online ad name'

April 18, 2023 5:24 AM EDT

Meta Platforms (NASDAQ: META) Remains JPMorgan Top Pick.

Analyst Doug Anmuth comments "META remains our favorite online ad name, and a top pick overall, and we recently increased our PT to $270. We recognize the next leg for the stock needs to come... More

Montana Lawmakers Approve Statewide Ban on TikTok - WSJ

April 14, 2023 5:34 PM EDT

Montana Lawmakers Approve Statewide Ban on TikTok - WSJ

First of its kind billShares of Meta (NASDAQ: META), Snap (NYSE: SNAP) seen as beneficiaries.... More

S&P 500 slumps as Fed rate hike fears overshadow earnings-led rally in banks

April 14, 2023 2:45 PM EDT

By Yasin Ebrahim

Investing.com -- The S&P 500 slumped Friday, as a rally in bank stocks on strong quarterly earnings was offset by fresh fears of Federal Reserve rate hikes just as data flagged signs of a weaker consumer.

The S&P 500 fell 0.7%, the Dow Jones Industrial Average added 0.8%, or 261 points, and the Nasdaq fell 0.9%.

Fed Governor Christopher Waller said further rate hikes were still needed to curb inflation, adding that investors shouldnt expect rates to fall any time soon.

The hawkish remarks from Waller pushed the United States 2-Year... More

Active options: META WFC MARA NFLX SQ BABA GOOG GOOGL RIOT

April 14, 2023 9:54 AM EDT

Active options: META WFC MARA NFLX SQ BABA GOOG GOOGL RIOT

... More

Piper Sandler estimates generative AI TAM at $100B+, highlights top stocks to own

April 14, 2023 9:16 AM EDT

Piper Sandler analysts led by Brent Bracellin believe the generative AI is the next technology revolution that could have far reaching implications across both consumer and enterprise sectors.

Analysts estimate the market opportunity at more than $100 billion split between AI-enabled search advertising and AI-enabled enterprise application revenue.

Bracellin... More

Piper says Generative AI is the next $100B+ tech revolution; highlights biggest beneficiaries

April 14, 2023 8:44 AM EDT

Piper Sandler analyst Brent Bracelin: "We see Generative AI as the next major revolution in technology that could have far reaching implications across both consumer and enterprise sectors... We estimate generative AI could become the next $100B+ opportunity in technology."

"We are also unveiling the Piper Sandler AI... More

Meta Platforms (META) option implied volatility as shares rally 2.3%

April 13, 2023 9:59 AM EDT

Meta Platforms (NASDAQ: META) 30-day option implied volatility is at 52; compared to its 52-week range of 39 to 79 as shares rally 2.3%.

... More

Meta Platforms Inc. (META) PT Raised to $245 at Goldman Sachs

April 13, 2023 6:05 AM EDT

Goldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $245.00 (from $215.00) while maintaining a Buy rating.... More

We expect both Meta and Google to demonstrate improved revenue trends as 2023 progresses - Goldman

April 13, 2023 4:50 AM EDT

Goldman Sachs analyst Eric Sheridan previews Q1 earnings season for the Internet and Advertising sector: "We continue to expect the industry to grow at more muted growth levels in the medium to long-term (i.e., in the new post-pandemic/post-recovery normalization phase) vs. those that investors have come to expect from digital advertising trends pre-pandemic (albeit this seems to be increasingly... More