Wall Street analysts become even more bullish on Meta after its latest earnings report

Meta has had a breakout year in 2023 — and Wall Street analysts think the stock has even further room to grow after company's latest quarterly report. The social media company reported earnings per share and revenue for the second quarter that beat analyst expectations , boosted by a rebound in ad revenue. Meta also issued optimistic third-quarter guidance.

mountain Meta shares in 2023 Meanwhile, UBS hiked its price target to $400 from $335, implying 34% further upside. Meanwhile, Credit Suisse's new price target is even higher, at $407 from $361. "Reels ramp delivers the upside," Credit Suisse analyst Stephen Ju said in his Friday note. Ju projects Reels delivering double-digit growth through the next several years. Ju maintained his outperform rating on shares.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street analysts stay bullish on Microsoft after earnings given its 'unique position' in A.I.Analysts think the stock can march on higher given the company's leadership in artificial intelligence, among other drivers.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street analysts cheer Alphabet earnings, see more gains ahead for tech giantAnalysts at major shops on Wall Street are optimistic after Google-parent Alphabet's second-quarter earnings beat.
Source: CNBC - 🏆 12. / 72 Read more »

Tesla Revenue & Earnings Beat Wall Street Expectations — Yet Stock Dropped Off Cliff - CleanTechnicaTesla held its Q2 earnings call on Wednesday, during which CEO Elon Musk and other executives reported financials such as earnings, revenue, and profits for the quarter. In addition to beating Wall Street estimates on both revenue and earnings, Musk also revealed a few pieces of news, including a noteworthy update on Full Self-Driving (FSD) […]
Source: cleantechnica - 🏆 565. / 51 Read more »

AI mania drives Wall Street to higher close ahead of earningsThe tech-heavy Nasdaq closed higher on Tuesday, leading gains on Wall Street amid investor excitement about artificial intelligence before earnings reports from megacap technology companies Alphabet and Microsoft after the bell.
Source: Reuters - 🏆 2. / 97 Read more »