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10 analysts discuss Meta Platforms (META) stock after earnings selloff

Following the Meta Platforms (NASDAQ: META) earnings report after the close on Wednesday, analysts have weighed in with their views of the company's stock.

Meta's Q1 EPS of $4.71 was $0.39 better than the analyst estimate of $4.32. The company's revenue for the quarter, $36.46 billion, also exceeded the consensus estimate of $36.14 billion, further highlighting its strong financial standing.

Here's what Wall Street analysts said:

Wolfe Research: "META's 1Q results came in above street estimates on both top and bottom line. 2Q guide implies slight top-line decel with increased FY24 Opex/Capex... More

Ford (F) PT Raised to $13 at RBC Capital

RBC Capital analyst Joseph Spak raised the price target on Ford (NYSE: F) to $13.00 (from $12.00) while maintaining a Sector Perform rating.

The analyst comments "Pro remains one of the best businesses in autos. We worry if EV pricing keeps falling, Model-E losses could... More

IBM (IBM) PT Lowered to $179 at Morgan Stanley, 'shares are largely fair valued'

Morgan Stanley analyst Erik Woodring lowered the price target on IBM (NYSE: IBM) to $179.00 (from $186.00) while maintaining a Equalweight rating.

The analyst comments "IBM reported 1Q rev/EPS roughly in-line with MSe, and reiterated CY24 guidance (in CC). However, emerging Consulting weakness, a... More

Meta Platforms Inc. (META) PT Raised to $562 at Rosenblatt, 'Squishy-ish guidance'

Rosenblatt analyst Barton Crockett raised the price target on Meta Platforms Inc. (NASDAQ: META) to $562.00 (from $520.00) while maintaining a Buy rating.

The analyst comments "Squishy-ish guidance -- The revenue growth outlook for 2Q24 -- up 14% to 22% Y/Y -- is strong, but decelerating, reflective of comps that get 8 percentage points tougher Q/Q, and also of a 3 percentage point tougher foreign exchange backdrop and the lack of 1Q24's... More

Meta Platforms Inc. (META) PT Raised to $520 at MoffettNathanson, 'a more attractive entry point for Meta investors'

MoffettNathanson analyst Michael Nathanson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $520.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "Management guided to second quarter 2024 revenues in the range of $36.5 to $39 billion, which at the midpoint of $37.75 billion implies year-over-year growth of +18%. Yes, that is a marked deceleration from the... More

Chipotle Mexican Grill (CMG) PT Raised to $3,350 at BTIG

BTIG analyst Peter Saleh raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $3,350.00 (from $3,250.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on Chipotle shares and raise our price target to $3,350 from $3,250 following another stellar... More

Meta Platforms Inc. (META) PT Lowered to $500 at Deutsche Bank

Deutsche Bank analyst Leo Horowitz lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $500.00 (from $540.00) while maintaining a Buy rating.

The analyst comments "Meta is entering an investment cycle. We have been here a couple of times before, and each time it ended the same waygood for META's longer-term equity value. This time, Meta is making bigger investments in AI than we anticipated, which will likely result in Capex being much higher, for far... More

Chipotle Mexican Grill (CMG) PT Raised to $3,300 at Wells Fargo

Wells Fargo analyst Jon Tower raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $3,300.00 (from $3,285.00) while maintaining a Overweight rating.

The analyst comments "While Q1 upside was anticipated, CMG beat in style w/ a +7% comp (5.4%+ traffic), 100bps+ of... More

Truist Securities Downgrades HashiCorp Inc (HCP) to Hold

Truist Securities analyst Miller Jump downgraded HashiCorp Inc (NASDAQ: HCP) from Buy to Hold with a price target of $35.00 (from $27.00).

The analyst comments "We see the announcement as a positive outcome for HashiCorp shareholders. The company has continued to work through a... More

Chipotle Mexican Grill (CMG) PT Raised to $3,600 at Evercore ISI, 'A Value Winner'

Evercore ISI analyst David Palmer raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $3,600.00 (from $3,200.00) while maintaining a Outperform rating.

The analyst comments "A value winner; Increasing our target to $3,600 with higher SSS and EPS estimates: We are raising our 2024 SSS growth... More

Chipotle Mexican Grill (CMG) PT Raised to $2,850 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,850.00 (from $2,400.00) while maintaining a Market Perform rating.

The analyst comments "CMG's business momentum remains robust. 1Q24 EPS of $13.37 exceeded consensus by $1.68 driven by stronger comps (including MSD... More

Meta Platforms Inc. (META) PT Raised to $510 at Roth/MKM, 'Buy On Weakness; AI Moat Now Deeper'

Roth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $510.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "META shares were down as much as -15% last night despite a clean beat on 1Q expectations and... More

Meta Platforms Inc. (META) PT Lowered to $570 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $570.00 (from $600.00) while maintaining a Outperform rating.

The analyst comments "META's Q1 was solid in terms of top-line/ad demand trends - the issue is an accelerated, multi-year AI... More

Goldman Sachs on Meta Platforms Inc. (META): 'We expect investors to have an initial negative reaction'

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $555.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "We expect investors to have an initial negative reaction to META's Q1 24 earnings report as the Q1 results were broadly inline but a mixture of more muted revenue forecast for Q2, narrowing its opex FY guide by increasing the bottom end of the range and shifting its capex... More

Evercore ISI Comments on IBM (IBM) Earnings

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $215.00 price target on IBM (NYSE: IBM).

The analyst comments "We think the print is fairly strong specially the software inflection. Questions will be around Consulting deceleration here (~2% in march-qtr vs. 5% in Dec-qtr). In... More

Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $550.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Quick Look At Q1 Results: META printed a Beat & Bracket quarter, with Revenue up 27% Y/Y (both reported basis and ex-FX), 1% above the Street, Op Income (implying 37.9% margin) 4% above the Street, and EPS at... More