News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Analysts on some of Wall Street's biggest firms raised their price targets on Meta shares.

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.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

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.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

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) […]
Fonte: cleantechnica - 🏆 565. / 51 Leggi di più »

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.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »