Meta Platforms Inc. (META) PT Lowered to $500 at Baird
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Go back to Meta Platforms Inc. (META) PT Lowered to $500 at Baird
April 25, 2024 7:25 AM EDT
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
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
