![]() ![]() Other analysts cheered the results, pointing to strong engagement, rising monetization of its TikTok rival Reels and return on investments in artificial intelligence as bright spots in the report.īank of America analyst Justin Post upped his price target on Meta shares to $375 from $350 and reiterated his buy rating on the stock. "While there were some mixed narratives (both qualitative and quantitative) around opex/capex in 2023/2024, our view is that management's 'year of efficiency' theme continues to drive a sustained mentality shift inside the company - while long-term investments behind key objectives remain a focus area (in terms of infrastructure & talent), we expect management to continue to balance driving growth and increased returns," Goldman Sachs analyst Eric Sheridan, who maintains a buy rating on Meta shares, wrote in a Thursday note. The results reflect a rebound in online advertising, as well as signs that Meta CEO Mark Zuckerberg's "year of efficiency," or focus on cutting costs and improving profitability, is paying off. Revenue Revenue was 32.0 billion, an increase of 11 year-over-year, and an increase of 12 year-over-year on a constant currency. ![]() That's above the $31.3 billion analysts were expecting. Facebook Stock Price Today (NASDAQ: META) Quote, Market Cap, Chart WallStreetZen Meta Platforms Inc Stock Add to Watchlist Overview Forecast Earnings Dividend Ownership Statistics 311.71 +13.14 (+4.4) Updated 1W + 3.04 1M + 9.26 3M + 30.66 1Y + 83.81 META Price 311.71 Fair Value Price 322.73 Market Cap 802. Ad impressions and price per ad In the second quarter of 2023, ad impressions delivered across our Family of Apps increased by 34 year-over-year and the average price per ad decreased by 16 year-over-year. ![]() Personal Loans for 670 Credit Score or Lowerįor the third quarter, the Facebook parent company forecast revenue of $32 billion to $34.5 billion. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |