Meta Platforms Inc. (META) PT Raised to $550 at Roth/MKM

BofA Securities Reiterates Buy Rating on Meta Platforms Inc. (META), 'Top AI play in consumer Internet'

August 1, 2024 9:34 AM EDT

BofA Securities analyst Justin Post reiterated a Buy rating and $563.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "We see Meta as the top AI play in consumer Internet given: 1) Leading infrastructure and LLM capabilities w/ Llama 3.1, 2)... More

Meta Platforms Inc. (META) PT Raised to $615 at Oppenheimer

August 1, 2024 6:50 AM EDT

Oppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $615.00 (from $525.00) while maintaining a Outperform rating.

The analyst comments "Increasing target to $615 (was $525) or 24x '25E EPS a 13%/4% discount to peers/ NASDAQ. Stronger 2Q revenue and 3Q... More

Meta Platforms Inc. (META) PT Raised to $585 at Deutsche Bank

August 1, 2024 6:45 AM EDT

Deutsche Bank analyst Leo Horowitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $585.00 (from $525.00) while maintaining a Buy rating.

The analyst comments "Of course, AI will be leveraged to accelerate progress across many of these objectives, and therefore CapEx... More

Meta Platforms Inc. (META) PT Raised to $630 at Wolfe Research

August 1, 2024 6:06 AM EDT

Wolfe Research analyst Shweta Khajuria raised the price target on Meta Platforms Inc. (NASDAQ: META) to $630.00 (from $620.00) while maintaining a Outperform rating.

The analyst comments "We are incrementally positive post this print. Expectations into the print were lowered post Googles... More

Meta Platforms Inc. (META) PT Raised to $555 at Goldman Sachs

August 1, 2024 5:18 AM EDT

Goldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $555.00 (from $522.00) while maintaining a Buy rating.

The analyst comments "While debates will likely persist around product transitions and industry platform headwinds in the quarters & years... More

Meta Platforms Inc. (META) PT Raised to $590 at Stifel

August 1, 2024 5:13 AM EDT

Stifel analyst Mark Kelley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $590.00 (from $550.00) while maintaining a Buy rating.

The analyst comments "META delivered a solid beat across the board in 2Q (all geos better), with a better 3Q revenue outlook (mdpt.... More

Meta Platforms Inc. (META) PT Raised to $610 at JPMorgan

August 1, 2024 5:11 AM EDT

JPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $610.00 (from $480.00) while maintaining a Overweight rating.

The analyst comments "META shares traded up +7% post-close & we reiterate our Overweight rating, w/the company executing well near-term & we believe investing appropriately in critical L-T initiatives, notably AI. Healthy ad market trends supported strong 2Q results & have carried into 3Q, with/METAs 3Q revenue guide of +13%-20% (+15%-22%... More

Meta Platforms Inc. (META) PT Raised to $600 at Evercore ISI

August 1, 2024 5:02 AM EDT

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on META, raising our estimates and our PT from $550 to $600... More

Meta Platforms Inc. (META) PT Raised to $550 at Barclays

August 1, 2024 3:34 AM EDT

Barclays analyst Ross Sandler raised the price target on Meta Platforms Inc. (NASDAQ: META) to $550.00 (from $520.00) while maintaining a Overweight rating.... More

Meta Platforms Inc. (META) PT Raised to $635 at UBS

August 1, 2024 2:25 AM EDT

UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $635.00 (from $630.00) while maintaining a Buy rating.

The analyst comments: "we increase our ad revenue estimates modestly for 2025 and 2026 - we note that we had in our preview... More

Meta Platforms Inc. (META) PT Raised to $475 at BMO Capital

August 1, 2024 2:22 AM EDT

BMO Capital analyst Brian J. Pitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $475.00 (from $450.00) while maintaining a Market Perform rating.

The analyst comments: "We maintain our Market Perform rating on META shares given the following: 1) 3Q24 revenue guidance largely in-line,... More

Meta Platforms Inc. (META) PT Raised to $600 at Jefferies

August 1, 2024 2:21 AM EDT

Jefferies analyst Brent Thill raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $565.00) while maintaining a Buy rating.

The analyst comments: "Q2 rev growth of 23% y/y ex-FX was 2% ahead of street with the Q3 rev guide implying 18%... More

Meta Platforms Inc. (META) PT Raised to $615 at Oppenheimer

August 1, 2024 2:20 AM EDT

Oppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $615.00 (from $525.00) while maintaining a Outperform rating.

The analyst comments: "Increasing target to $615 (was $525) or 24x 25E EPS a 13%/4% discount to peers/NASDAQ. Stronger 2Q revenue and 3Q guidance... More

Meta Platforms Inc. (META) PT Raised to $550 at JMP Securities

August 1, 2024 2:20 AM EDT

JMP Securities analyst Andrew Boone raised the price target on Meta Platforms Inc. (NASDAQ: META) to $550.00 (from $525.00) while maintaining a Market Outperform rating.

The analyst comments: "We reiterate our Market Outperform rating and increase our price target to $550 from $525. While Metas... More

Meta Platforms Inc. (META) PT Raised to $600 at Guggenheim

August 1, 2024 2:16 AM EDT

Guggenheim analyst Michael Morris raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments: "Metas 2Q results and outlook bolstered the bull case that the company remains a critical destination for advertiser dollars, that... More

RBC Capital Reiterates Outperform Rating on Meta Platforms Inc. (META)

August 1, 2024 2:15 AM EDT

RBC Capital analyst Brad Erickson reiterated an Outperform rating and $570.00 price target on Meta Platforms Inc. (NASDAQ: META)

The analyst comments: "Our view: META reported a strong beat & raise helping to justify elevated capex while management also better unpacked the Al strategy... More

Meta Platforms Inc. (META) PT Raised to $560 at KeyBanc

August 1, 2024 1:49 AM EDT

KeyBanc analyst Justin Patterson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $560.00 (from $540.00) while maintaining a Overweight rating.... More

After-hours movers: Meta Platforms, Qualcomm, Western Digital, Carvana

July 31, 2024 4:56 PM EDT

After-Hours Stock Movers:

Meta Platforms (NASDAQ: META) rose 4% after it reported strong second quarter results and guidance, as ad impressions delivered across its apps increased by 10% year-over-year.

Qualcomm (NASDAQ:... More

Meta Platforms delivers upbeat guidance as Q2 results beat estimates; shares jump

July 31, 2024 4:40 PM EDT

Investing.com -- Meta Platforms on Wednesday delivered better-than-expected guidance for the current quarter after reporting second-quarter results that beat analyst estimates on the top and bottom lines. 

Meta Platforms Inc (NASDAQ: META) was up more than 5% in afterhours trading.

... More

Facebook parent Meta sees strong global ad sales while keeping AI costs in check

July 31, 2024 4:07 PM EDT

By Katie Paul, Yuvraj Malik

(Reuters) -Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments.

Shares of the company were up 6.8% after the bell.

The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion, the midpoint of which is higher than analysts' estimates of $39.1 billion, according to LSEG data.

Revenue rose 22% to $39.1 billion for the April to June period,... More

Meta Platforms (META) Tops Q2 EPS by 46c, Offers Guidance

July 31, 2024 4:07 PM EDT

Meta Platforms (NASDAQ: META) reported Q2 EPS of $5.16, $0.46 better than the analyst estimate of $4.70. Revenue for the quarter came in at $39.07 billion versus the consensus estimate of $38.26 billion.

Family daily active people (DAP) DAP was 3.27 billion on average for June 2024, an increase of 7%... More

Meta Platforms (META) call put ratio 1.3 calls to 1 put into quarter results and outlook

July 31, 2024 11:07 AM EDT

Meta Platforms (NASDAQ: META) August weekly call option implied volatility is at 139, August is at 61; compared to its 52-week range of 24 to 53 into expected release of quarter results today after the bell.

... More

Meta is about to report. Here's what to expect

July 31, 2024 10:00 AM EDT

Meta Platforms (NASDAQ: META) is scheduled to announce its second-quarter earnings after the market closes on Wednesday, with investors keen to see the performance of advertising revenue and hear updates on the company's AI projects following the recent AI model launch.

The parent company of Facebook and Instagram is anticipated to report revenues of $38.37 billion, reflecting a 20% increase from the same period last year, according to Visible Alpha estimates.

Net income is expected to reach $12.32 billion, or $4.71 per share, a significant rise from $7.79 billion, or $2.98 per share, in the previous... More

Tech sector should see 20-25% Q2 earnings growth: UBS

July 31, 2024 6:48 AM EDT

Microsoft (NASDAQ: MSFT) reported the result for its fiscal second quarter, with its cloud business seeing a 29% year-over-year revenue increase, slightly down from 31% growth in the previous quarter. Moreover, Q2 revenue slightly missed consensus estimates.

The tech behemoth expects accelerated cloud growth in the first half of next year. Initially, the stock dropped by up to 7% in extended trading but recovered to a 2.6% decline.

According to UBS strategists, Microsofts report could set the stage for market sentiment as... More

Meta Platforms (META) August 2 weekly 465 straddle priced into quarter results

July 31, 2024 4:54 AM EDT

Meta Platforms (NASDAQ: META) August 2 weekly 465 straddle priced for a move of 9.5% into expected release of quarter results after the bell on July 31.

... More

Fed decision, BOJ, Microsoft, Meta Platforms - what's moving markets

July 31, 2024 4:24 AM EDT

Investing.com -- The Bank of Japan hiked interest rates earlier Wednesday, putting the focus on the Federal Reserve, which concludes its July meeting later in the session. Wall Street looks set to end the month on a positive note as investors digest earnings from the likes of Microsoft. 

1. BOJ hikes, and the Fed is next 

The Bank of Japan started the weeks central bank parade earlier Wednesday, raising interest rates and signaling its resolve to unwind a decade of massive monetary stimulus.

... More

Barclays says sell-off in these 3 tech stocks has gone too far

July 30, 2024 4:30 PM EDT

Analysts at Barclays said in a note Tuesday that the recent sell-off in several tech stocks has been excessive, presenting a buying opportunity for selective investors.

The current market environment, characterized by numerous potential catalysts such as central bank decisions and major earnings reports, has created significant volatility. However, Barclays believes that certain tech stocks remain strong.

"Fundamentally, we remain positive Tech on account of potentially strong EPS... More

Meta Platforms (META) August weekly option implied volatility above 100 into quarter results

July 30, 2024 10:53 AM EDT

Meta Platforms (NASDAQ: META) August weekly call option implied volatility is at 124, August is at 62; compared to its 52-week range of 24 to 53 into expected release of quarter results after the bell on July 31.

... More

Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

July 30, 2024 9:55 AM EDT

By Mike Scarcella and Jody Godoy

(Reuters) -Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the states lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent.

The terms of the settlement, disclosed on Tuesday, mark the largest accord ever by any single state, according to the lawyers for Texas, whose legal team included the plaintiffs firm Keller Postman.

The lawsuit,... More