Meta Platforms

Meta Platforms (NASDAQ:META) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here’s what investors need to know before the announcement. Analysts estimate that Meta Platforms will report an earnings per share (EPS) of $4.56. Meta Platforms bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Keybanc analyst Justin Patterson maintains Meta Platforms (NASDAQ:META) with a Overweight and raises the price target from $380 to $465.

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 13.71% Jefferies $425 → $455 Maintains Buy 01/24/2024 12.46% Raymond James $425 → $450 Maintains Strong Buy 01/22/2024 -0.03% RBC Capital → $400 Reiterates Outperform → Outperform 01/19/2024 2.47% JMP Securities $380 → $410 Maintains Market Outperform 01/17/2024 3.72% Piper Sandler $355 → $415 Maintains Overweight 01/11/2024 17.46% Mizuho $400 → $470 Maintains Buy 01/10/2024 17.46% Mizuho $400 → $470 Maintains Buy 01/09/2024 -0.78% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 4.97% Wedbush $350 → $420 Maintains Outperform 11/22/2023 8.72% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 1.22% Stifel → $405 Reiterates Buy → Buy 10/26/2023 1.22% Truist Securities $390 → $405 Maintains Buy 10/26/2023 -0.03% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -11.28% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023

Jefferies analyst Brent Thill maintains Meta Platforms (NASDAQ:META) with a Buy and raises the price target from $425 to $455.

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 14.96% Raymond James $425 → $450 Maintains Strong Buy 01/22/2024 2.19% RBC Capital → $400 Reiterates Outperform → Outperform 01/19/2024 4.75% JMP Securities $380 → $410 Maintains Market Outperform 01/17/2024 6.02% Piper Sandler $355 → $415 Maintains Overweight 01/11/2024 20.07% Mizuho $400 → $470 Maintains Buy 01/10/2024 20.07% Mizuho $400 → $470 Maintains Buy 01/09/2024 1.42% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 7.3% Wedbush $350 → $420 Maintains Outperform 11/22/2023 11.13% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 3.47% Stifel → $405 Reiterates Buy → Buy 10/26/2023 3.47% Truist Securities $390 → $405 Maintains Buy 10/26/2023 2.19% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -9.31% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023 -10.58% Wedbush → $350 Reiterates Outperform → Outperform

Meta Platforms CEO Mark Zuckerberg Says Company Is Bringing Together Its Two Major AI Research Groups, Fair And GenAI.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target price to $430 from $390, on a P/E of 20.8x our 2025 EPS view, near META’s five-year historical forward average. We keep our 2024 EPS estimate at $17.52 and 2025’s at $20.69. Ahead of Dec-Q results set for 2/1, we project ad revenue grew 20%-21% in Q4 and see mid-teens growth for 2024. Greater traction from China vendors, easy comps in the 1H, as well as a very important 2024 election and the Summer Olympics, are all reasons that 2024 could be another good year for digital ad spend. Although we expect META’s growth trajectory to decelerate as we progress through 2024, we think its attractive valuation, coupled with healthy digital ad market and AI prospects, offer a compelling investment opportunity (despite

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 7.54% JMP Securities $380 → $410 Maintains Market Outperform 01/17/2024 8.85% Piper Sandler $355 → $415 Maintains Overweight 01/11/2024 23.27% Mizuho $400 → $470 Maintains Buy 01/10/2024 23.27% Mizuho $400 → $470 Maintains Buy 01/09/2024 4.13% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 10.16% Wedbush $350 → $420 Maintains Outperform 11/22/2023 14.09% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 6.22% Stifel → $405 Reiterates Buy → Buy 10/26/2023 6.22% Truist Securities $390 → $405 Maintains Buy 10/26/2023 4.91% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -6.89% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023 -8.2% Wedbush → $350 Reiterates Outperform → Outperform 10/26/2023 -4.27% Roth MKM $360 → $365 Maintains Buy 10/26/2023 -0.33% Wells Fargo $372 → $380 Maintains Overweight 10/26/2023 4.91%

Meta Platforms (META) is bringing its two major artificial intelligence research groups “closer together” as part of its efforts to build general intelligence, Chief Executive Mark Zuckerberg said Thursday in posts on Instagram and Threads. “Our long term vision is to build general intelligence, open source it responsibly, and make it widely available so everyone can benefit,” Zuckerberg said. He also said the company is now training its next-generation model Llama 3 and building “massive” compute infrastructure to help achieve its goal. Zuckerberg expects the company to have 350,000 Nvidia (NVDA) H100 graphics processing units at the end of 2024, and 600,000 overall if other GPUs are included.

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 14.6% Piper Sandler $355 → $415 Maintains Overweight 01/11/2024 29.79% Mizuho $400 → $470 Maintains Buy 01/10/2024 29.79% Mizuho $400 → $470 Maintains Buy 01/09/2024 9.63% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 15.98% Wedbush $350 → $420 Maintains Outperform 11/22/2023 20.13% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 11.84% Stifel → $405 Reiterates Buy → Buy 10/26/2023 11.84% Truist Securities $390 → $405 Maintains Buy 10/26/2023 10.46% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -1.97% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023 -3.35% Wedbush → $350 Reiterates Outperform → Outperform 10/26/2023 0.8% Roth MKM $360 → $365 Maintains Buy 10/26/2023 4.94% Wells Fargo $372 → $380 Maintains Overweight 10/26/2023 10.46% Barclays $410 → $400 Maintains Overweight 10/26/2023 13.5% Rosenblatt $372

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/10/2024 27.57% Mizuho $400 → $470 Maintains Buy 01/09/2024 7.75% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 13.99% Wedbush $350 → $420 Maintains Outperform 11/22/2023 18.07% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 9.92% Stifel → $405 Reiterates Buy → Buy 10/26/2023 9.92% Truist Securities $390 → $405 Maintains Buy 10/26/2023 8.57% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -3.65% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023 -5% Wedbush → $350 Reiterates Outperform → Outperform 10/26/2023 -0.93% Roth MKM $360 → $365 Maintains Buy 10/26/2023 3.14% Wells Fargo $372 → $380 Maintains Overweight 10/26/2023 8.57% Barclays $410 → $400 Maintains Overweight 10/26/2023 11.55% Rosenblatt $372 → $411 Maintains Buy 10/26/2023 3.14% Keybanc $356 → $380 Maintains Overweight 10/24/2023 -0.93% Seaport Global →

Mizuho analyst James Lee maintains Meta Platforms (NASDAQ:META) with a Buy and raises the price target from $400 to $470.