Meta Platforms

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 10.98% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 17.41% Wedbush $350 → $420 Maintains Outperform 11/22/2023 21.6% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 13.21% Stifel → $405 Reiterates Buy → Buy 10/26/2023 13.21% Truist Securities $390 → $405 Maintains Buy 10/26/2023 11.82% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -0.76% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023 -2.16% Wedbush → $350 Reiterates Outperform → Outperform 10/26/2023 2.03% Roth MKM $360 → $365 Maintains Buy 10/26/2023 6.23% Wells Fargo $372 → $380 Maintains Overweight 10/26/2023 11.82% Barclays $410 → $400 Maintains Overweight 10/26/2023 14.89% Rosenblatt $372 → $411 Maintains Buy 10/26/2023 6.23% Keybanc $356 → $380 Maintains Overweight 10/24/2023 2.03% Seaport Global → $365 Initiates Coverage On → Buy 10/09/2023 3.99% […]

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: META says it will stop showing ads to teens under 18 in Europe and launch new subscription-based versions of its social-media products to comply with new regulations. Users over 18 will be offered a choice to agree to let META use their digital activity to target ads or pay a monthly subscription fee (EUR9.99 on desktop and EUR12.99 on mobile, given app-store fees) to keep using Facebook/Instagram without ads. The pause on ads for teen users starts on November 6. We think the tactic by META essentially helps keep the company in good standing with regulations in Europe and will push users to consent to behavioral ads, sustaining its massive installation of MAUs/DAUs. The alternative of paying a big monthly premium or having no access to the

Meta Platforms Sees Q4 2023 Revenue $36.5B-$40B Vs $36.64B Est。

Meta Platforms Daily Active Users in Q3 at 2.09 Billion, Vs Visible Alpha Analyst Consensus of 2.07 Billion; Monthly Active Users at 3.05 Billion, Vs Consensus of 3.05 Billion。

Meta Platforms Sees FY23 Total Expenses $87B-$89B Vs $88B-$91B Prior。

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target of $350, based on a P/E of 18.7x our 2025 EPS view, below historical given regulatory/ad spend risks. We increase our 2023 EPS estimate to $13.35 from $12.30, and 2024’s to $16.44 from $14.75, and 2025 to $18.75 from $16. Our Buy reflects META’s attractive valuation, its slew of opportunities (AI, metaverse, Reels), and improving margin trajectory. Ahead of Q3 results on 10/26, we see ad growth of +20% in Q3/Q4 (an acceleration from +12% in Q2 and +4% in Q1), as digital ad trends have improved (ad revenue -4% a year ago). We project META retaking share via greater AI emphasis that is improving recommendations/rankings as well as targeting/measuring capabilities and see revenue contribution from Llama as we view AI agents