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April 25, 2024 6:31 AM EDT
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
April 25, 2024 6:23 AM EDT
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
