An analyst is getting cautious on Meta ahead of earnings. The reason is not a surprise

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Shares of the social media giant are hovering near record highs.

Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month. The news In a note to clients Friday, analysts at Roth MKM said they are "incrementally cautious" on the Facebook and Instagram parent, citing concerns about advertising spending from Chinese e-commerce players Temu and Shein, which in recent quarters have been major growth drivers for Meta .

A logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024.are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month.

 

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