Wells Fargo analyst Ken Gawrelski maintains Meta Platforms (NASDAQ:META) with a Overweight
Wells Fargo analyst Ken Gawrelski maintains Meta Platforms (NASDAQ:META) with a Overweight and raises the price target from $536 to $609.
News & Forecast & Price target & Analyst Ratings & Estimates
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.
Wells Fargo analyst Ken Gawrelski maintains Meta Platforms (NASDAQ:META) with a Overweight and raises the price target from $536 to $609.
Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 16.03% JP Morgan $420 → $535 Maintains Overweight 02/02/2024 13.86% Truist Securities $405 → $525 Maintains Buy 02/02/2024 14.3% Stifel $405 → $527 Maintains Buy 02/02/2024 14.95% UBS $425 → $530 Maintains Buy 02/02/2024 13.86% Oppenheimer $385 → $525 Maintains Outperform 02/02/2024 8.44% JMP Securities $410 → $500 Maintains Market Outperform 02/02/2024 22.54% RBC Capital $400 → $565 Maintains Outperform 02/02/2024 8.44% Roth MKM $365 → $500 Maintains Buy 02/02/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 24.71% Keybanc $465 → $575 Maintains Overweight 02/02/2024 19.28% Raymond James $450 → $550 Maintains Strong Buy 02/02/2024 12.78% Wedbush $420 → $520 Maintains Outperform 02/02/2024 19.28% Susquehanna $400 → $550 Maintains Positive 02/02/2024 19.28% Barclays $400 → $550 Maintains Overweight 02/02/2024…
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Goldman Sachs analyst Eric Sheridan maintains Meta Platforms (NASDAQ:META) with a Buy and raises the price target from $414 to $500.
Dividend-loving investors around the globe probably woke up on Friday with a little extra spring in their step. Meta Platforms did it. The company announced, on Thursday, its first-ever quarterly dividend. The company will pay a 50-cent dividend, on Mar. 26 to shareholders of record on Feb. 22. Big tech investors might be confused though. They aren’t used to getting quarterly payouts from the likes of Meta. They shouldn’t worry though and should like what payments mean for Meta stock down the road. Meta’s annualized $2 payout gives its stock a dividend yield of 0.4% based on an early Friday price of some $472 a share. Meta stock was up almost 20% in early trading following better-than-expected fourth-quarter earnings. The S&P 500 and Nasdaq Composite were up 0.2% and 0.7%, respectively. The average yield for a dividend-paying stock in the S&P 500 is about 2%. Meta’s payout is lower than…
Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 13.13% JP Morgan $420 → $535 Maintains Overweight 02/02/2024 11.02% Truist Securities $405 → $525 Maintains Buy 02/02/2024 11.44% Stifel $405 → $527 Maintains Buy 02/02/2024 12.07% UBS $425 → $530 Maintains Buy 02/02/2024 11.02% Oppenheimer $385 → $525 Maintains Outperform 02/02/2024 5.73% JMP Securities $410 → $500 Maintains Market Outperform 02/02/2024 19.48% RBC Capital $400 → $565 Maintains Outperform 02/02/2024 5.73% Roth MKM $365 → $500 Maintains Buy 02/02/2024 5.73% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 21.59% Keybanc $465 → $575 Maintains Overweight 02/02/2024 16.3% Raymond James $450 → $550 Maintains Strong Buy 02/02/2024 9.96% Wedbush $420 → $520 Maintains Outperform 02/02/2024 16.3% Susquehanna $400 → $550 Maintains Positive 02/02/2024 16.3% Barclays $400 → $550 Maintains Overweight 02/02/2024 11.02% Citigroup $440 → $525 Maintains Buy 01/30/2024 -1.67%…
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Meta Platforms (META) posted a “strong” Q4 EPS and revenue beat and Q1 guidance was a “positive surprise,” BofA Securities said Friday in a report. The investment firm raised Meta’s price target to $510 from $425 and reiterated the buy rating. The company reported Q4 earnings late Thursday of $5.33 per diluted share, up from $1.76 a year earlier. Analysts polled by Capital IQ expected $4.94. Revenue rose to $40.1 billion from $32.2 billion. Analysts expected $39.2 billion. The revenue beat was mainly driven by the company’s Reels video product, as well as its Messaging, artificial intelligence products and tools, and the launch of the Quest 3 virtual reality headset, BofA said. Meta said it expects Q1 revenue of $34.5 billion to $37 billion. Analysts polled by Capital IQ as of late Thursday expected $33.9 billion. The Q1 guidance was a “big surprise,” well above Wall Street estimates, BofA said….
Social media and technology company Meta Platforms (NASDAQ:META) reported fourth-quarter financial results Thursday after market close. Analysts are sizing up the results, which included earnings per share and revenue coming in ahead of Street estimates and the company announcing its first quarterly dividend. The META Analysts: Goldman Sachs analyst Eric Sheridan has a Buy rating and raised the price target from $414 to $500. Guggenheim analyst Michael Morris has a Buy rating and raises the price target from $380 to $520. Roth MKM analyst Rohit Kulkarni has a Buy rating and raises the price target from $365 to $500. Wedbush analyst Scott Devitt has an Outperform rating and raises the price target from $420 to $520. Truist Securities analyst Youssef Squali has a Buy rating and raised the price target from $405 to 4525. Oppenheimer analyst Jason Helfstein has an Outperform rating and raises the price target from $385 to $525. Goldman…
UBS analyst Lloyd Walmsley maintains Meta Platforms (NASDAQ:META) with a Buy and raises the price target from $425 to $530.
Meta Reports Fourth Quarter and Full Year 2023 Results; Initiates Quarterly Dividend PR Newswire MENLO PARK, Calif., Feb. 1, 2024 MENLO PARK, Calif., Feb. 1, 2024 /PRNewswire/ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023. “We had a good quarter as our community and business continue to grow,” said Mark Zuckerberg, Meta founder and CEO. “We’ve made a lot of progress on our vision for advancing AI and the metaverse.” Fourth Quarter and Full Year 2023 Financial Highlights Three Months Ended Twelve Months Ended December 31, December 31, ——— ——————- ———- In millions, except percentages and per share amounts 2023 2022 % Change 2023 2022 ——- ——— ——— ——– ——— Revenue $40,111 $ 32,165 25 % $134,902 $ 116,609 % Change 16 % ——– Costs and expenses 23,727 25,766 (8) % 88,151 87,665 1 % —— ——– ——-…
Meta Platforms (META) reported Q4 earnings late Thursday of $5.33 per diluted share, up from $1.76 a year earlier. Analysts polled by Capital IQ expected $4.94. Revenue for the quarter ended Dec. 31 was $40.11 billion, up from $32.17 billion a year earlier. Analysts surveyed by Capital IQ expected $39.17 billion. Meta said it expects Q1 revenue between $34.5 billion and $37.0 billion. Analysts polled by Capital IQ expect $33.87 billion. The company said its board initiated a quarterly dividend of $0.50 per share, payable on March 26 to shareholders of record on Feb. 22. Meta also said it plans to pay a quarterly dividend going forward, subject to market conditions and board approval. The company’s shares were rising past 12% in recent after-hours trading.