Meta shares sit at their highest point since Sept. 2022, weeks before areport that prompted analysts across Wall Street to openly question Zuckerberg's leadership. There was a markedly changed tone in analyst notes on Wednesday night and Thursday morning, however, with the company beating topline estimates with $32.17 billion in revenue.
"Does META Really Deserve To Be Up 20% In The After-Market?!" posited Evercore ISI analyst Mark Mahaney. In a word, Mahaney wrote, "Yes." He cited "materially reduced expense projections" and a larger-than-anticipated share buyback, upping his price target to $275 and reiterating an outperform rating.
Rosenblatt's Barton Crockett took his rating for Meta to a buy, setting a $220 price target and saying he was convinced by a now "enticing" valuation. At Guggenheim, Michael Morris revised their price target to $210, maintaining a buy rating, citing in part lowered costs and a belief in management messaging on "momentum."
Meta permabear CNBC losing grip on its favorite tech pinata?
solid earnings or $40B in stock buybacks? yall stank
Some feel with Twitter out of the barn META had to become the go to place for Democrat Money.
HAHAHAHA, yeah, that never happened.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »