Mizuho Raised Meta Platforms (NASDAQ:META) price target to $235 Maintain Buy rating

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Mizuho raised its price target on Meta Platforms (NASDAQ:META) to $235 from $210 and maintained a buy rating on the stock as a go-to stock. The analyst told investors in a research note that Meta continued to deliver on its promise of an “efficiency year,” announcing another round of restructuring that reduced operating costs by 7 percentage points in fiscal 2023 to year-over-year growth2. The bank believes that Meta “still has enough capacity to unleash further productivity”; Metaverse investment still accounts for 11% of its total revenue, and the research and development intensity is twice that of peers Alphabet and Amazon.

Mizuho Raised Meta Platforms (NASDAQ:META) price target to $235 Maintain Buy rating Read Post »

Cowen raised Meta Platforms(NASDAQ:META) price target to $190 from $175

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TD Cowen analyst John Blackledge described Meta Platforms(NASDAQ:META) raised its price target to $190 from $175 and maintained its “outperform” rating. “They disclosed updates to employees on the company’s 23 efficiency programs; The plan calls for 10,000 job cuts and the elimination of 5,000 open positions, and we updated our model to reflect the new guidelines. ”

Cowen raised Meta Platforms(NASDAQ:META) price target to $190 from $175 Read Post »

UBS: reiterated Meta Platforms (NASDAQ:META) Buy Rating with a $235 price target

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UBS reiterated its Buy rating on Meta Platforms (NASDAQ:META) with a price target of $235 and continued to rank the stock as the “best option,” with a $3 billion operating cost cut combined with a $3 billion restructuring charge to reduce core operating costs by $6 billion in 2023 and approximately $8 billion in operating cost savings in 2024. UBS said this equates to nearly $2.50 in tax-affected earnings per share, while the bank’s forecast for GAAP earnings per share for fiscal 2024 ($13) is higher than consensus expectations.

UBS: reiterated Meta Platforms (NASDAQ:META) Buy Rating with a $235 price target Read Post »

FedEx(NYSE:FDX) Q3 2023 Revenue of $22.2 billion, adjusted EPS beats Analysts forecast of $2.74

/ / Industrials /

March 16, 2023 — FedEx(NYSE:FDX) today reported the following consolidated results for the third quarter ended February 28 (adjusted measures exclude the items listed below for the applicable fiscal year): Key Quotes: FedEx(NYSE:FDX) reported fiscal Q3 adjusted net income  of $3.41 per diluted share, down from $4.59 a year earlier. Analysts polled by Capital IQ forecast $2.74. Revenue for the quarter ended Feb. 28 was $22.2 billion, down from $23.6 billion a year earlier. Analysts surveyed by Capital IQ projected $22.74 billion. The delivery company said it now expects fiscal 2023 adjusted EPS of $13.80 to $14.40 before the mark-to-market retirement plans accounting adjustments. It guided at $12.50 to $13.50 previously. Additionally, the company said it continues to expect fiscal 2023 capital spending of $5.9 billion. FedEx Express operating results declined due to lower global volumes, partially offset by a 3% increase in revenue per package. Outlook FedEx is increasing

FedEx(NYSE:FDX) Q3 2023 Revenue of $22.2 billion, adjusted EPS beats Analysts forecast of $2.74 Read Post »

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