Meta Platforms

Meta Platforms (NASDAQ:META) builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Meta Platforms (NASDAQ:META) is planning a new round of layoffs that could affect thousands of employees

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Facebook parent company Meta Platforms (NASDAQ:META) is preparing for a new round of layoffs, commissioning human resources, lawyers, financial experts and executives to develop plans to shrink the company’s hierarchy, a restructuring and layoffs that could affect thousands of employees. According to a person familiar with the matter, who spoke on condition of anonymity, Meta plans to push some leaders to lower-level positions without direct reporting, flattening the hierarchy of management between Meta CEO Zuckerberg and the company’s interns. As teams grow in size, other managers may end up managing more employees. Some within Meta expect that those employees who are switched jobs will eventually quit, resulting in a reduction in the company’s headcount. (Washington Post)

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Bank of America Securities: Meta Platforms (NASDAQ:META) is on track to gain 12 million paid verified users

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Meta Platforms announced last weekend the launch of Meta Verified, a paid certified subscription service on Instagram and Facebook, for $11.99 per month. Research released Tuesday by Bank of America Securities reported that the new subscription service could gain nearly 12 million subscribers by 2024. Analysts believe Meta’s subscription service is meant to cater to celebrities and creators, not consumers. Analysts noted that considering the pricing of the newly launched subscription service, Meta could generate high-margin revenue of $1.7 billion in 2024. In addition, given a wider audience and more revenue opportunities for creators, analysts believe Meta is likely to outperform its peers in terms of subscribers as a percentage of users.

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Deutsche Bank: Raised Meta Platforms (NASDAQ:META) price target to $200 from $125 with a Buy rating

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Deutsche Bank released a report that although preliminary evidence shows that the Meta Platforms (NASDAQ:META) short video platform Reels business is performing well, competition is everywhere and cyclical concerns remain. The bank believes that Meta’s challenges remain largely temporary, and that investments in privacy-preserving measurement and location solutions, growth in signals on the platform, and increased Monetization of Reels should mitigate current headwinds over time. The company is shifting to prioritizing efficiency this year and beyond, lowering the midpoint of its FY23 operating expense and capital expenditure guidance by $5 billion and $4 billion, respectively, which is expected to deliver significant upside in earnings and free cash flow. In terms of revenue, Reels appears to have reached sufficient size to focus on monetization efficiency while adding $40 billion in repurchase authorizations, which is another positive news for capital allocation. The bank kept its revenue forecast relatively unchanged, but raised its

Deutsche Bank: Raised Meta Platforms (NASDAQ:META) price target to $200 from $125 with a Buy rating Read Post »

Goldman Sachs: Raised Meta Platforms (NASDAQ:META) annual revenue forecast to $215

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Goldman Sachs published a research report that as Meta Platforms (NASDAQ:META) further shakes off the industry and its own headwinds in the past year and a half, coupled with continued investment and execution in areas such as artificial intelligence and automation, and the company’s management reiterates that operating and capital expenditures will be more moderate this year, shares are expected to emerge from the decline and continue to recover. Goldman Sachs raised its first-quarter revenue forecast for Meta to $28.26 billion from $27.96 billion, EBITDA and earnings per share to $9.34 billion and $2.13, and raised its revenue forecast for this year to $123.39 billion from $122.8 billion and EBITDA and earnings per share to $43.48 billion and $10.2 respectively. Based on the outlook and earnings forecast adjustments, the bank also raised its Meta price target to $215 from $164, reiterating its “buy” rating.

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Bank of America Securities: Upgraded Meta Platforms (NASDAQ:META) to Buy with a price target of $220

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Bank of America Securities said in a research report that it is cautious about the advertising environment and Meta Platforms (NASDAQ:META) this year, as the platform’s shift to Reels and capital spending could undermine EPS growth when the advertising market improves. Advertising revenue growth in the US accelerated in the fourth quarter, leverage and earnings per share are rising as the advertising environment improves, the competitive environment also improves, and the Group may become part of the artificial intelligence (AI)/machine learning (ML) improvement cycle following excess capital expenditures and GPU investments in 2022/23. The bank assumed that the global online advertising market accelerated, and that Meta could grow faster with AI/ML-assisted Reels monetization, raising its EPS estimate for the year by 13% to $9.82 from $8.72.

Bank of America Securities: Upgraded Meta Platforms (NASDAQ:META) to Buy with a price target of $220 Read Post »

Piper Sandler: Upgraded Meta Platforms (NASDAQ:META) from neutral to overweight

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Piper Sandler analyst Thomas Champion upgraded Meta Platforms (NASDAQ:META) to overweight from neutral and raised its price target to $215 from $136. The analyst said in the research note that Meta’s spending guidance for fiscal 2023 was significantly lowered, resulting in a “significant increase” in free cash flow forecasts. Analysts believe that despite the difficulties in the advertising market and the fact that the company’s investment in the metaverse space has not compromised, the dramatic change in this quarter’s results justifies the company to receive a more constructive rating.

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Meta Platforms (NASDAQ:META) expects investments to drive corporate spending to continue to rise in 2023

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Meta Platforms (NASDAQ:META) said expected investments in data center capacity, servers, network infrastructure and number of employees will drive the company’s expenses to continue to rise in 2023, which is expected to adversely affect operating margins and profitability.

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JPMorgan Chase: Raised Meta Platforms (NASDAQ:META) price target to $225 from $150

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JPMorgan Chase & Co. pointed out that Meta Platforms (NASDAQ:META) exceeded expectations in Q4 last year, and CEO Zuckerberg designated 2023 as the “year of efficiency”, in sharp contrast to last year’s Q3 earnings report, and believes that its current internal policy will promote long-term development. The bank pointed out that the results showed that Meta performed well in a challenging macro environment, with improved e-commerce ad spending, strong growth in Instagram short video platforms Reels and click-through advertising (CTM), innovation driven by artificial intelligence technology, and changes in platform privacy protection measures. Lower costs have been the biggest driver in the near term, with Meta expecting total spending to fall by $5 billion this year to $89 billion to $95 billion, beating expectations. Xiaomo said that it remained bullish on Meta, raising its target price to $225, corresponding to the 2024 GAAP EPS forecast of about 17.5 times, reiterating

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Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47%

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Meta Platforms  (NASDAQ:META) Stock price trend forecast and trading range: Updated to: 2023.2.1 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $140 – $180 Support: $140 resistance: $180 Stop Loss Price: $140 price target: $180 Buy the position again: stop fall and rise to $140 Medium-term trend: bullish High sell low buy range: $140 – $190 Support: $140 resistance: $190 Stop Loss price: $140 price target: $190 Buy the position again: stop fall and rise to $140 Long-term trend: bullish High sell low buy of range: $140 – $200 Support : $140 resistance: $200 Stop Loss price: $140 price target : $200 Buy the position again: stop fall and rise to $140 From Analysis from financial statements: From the analysis of financial statements,

Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47% Read Post »

Meta Platforms  (NASDAQ:META) stock price trend forecast and trading range -2023.1.12

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Meta Platforms  (NASDAQ:META) Stock price trend forecast and trading range: Updated to: 2023.1.12 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $130 – $140 Support: 20-day moving average resistance: $140 Stop Loss Price: $130 price target: $140 Buy the position again: stop fall Medium-term trend: bullish High sell low buy range: $128 – $150 Support: 20-day moving average resistance: $150 Stop Loss price: $128 price target: $150 Buy the position again: stop fall Long-term trend: stop falling and rebound High sell low buy of range: $125 – $155 Support : 30-day moving average resistance: $155 Stop Loss price: $125 price target : $155 Buy the position again: stop fall From Analysis from financial statements: From the analysis of financial statements, Q3 of fiscal

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