Trading Strategies For Meta Platforms Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Meta Platforms, Inc (NASDAQ:META) is set to release its Q2 financial results. Analysts estimate earnings per share of $2.91 on revenues of $31.12 billion. Mizuho analyst James Lee maintained a Buy rating on Meta and raised a price target from $280 to $350. New Street Research analyst Dan Salmon upgraded the stock from Neutral to Buy and announced a $350 price target. From a technical analysis perspective, Meta’s stock is trading within a falling channel pattern that is bullish for the short term but could be bearish down the road.
July 26, 2023 | 7:09 pm
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Meta Platforms is set to release its Q2 results. Analysts estimate an EPS of $2.91 on revenues of $31.12 billion. The stock has received a Buy rating from Mizuho and New Street Research analysts with a price target of $350.
The positive analyst ratings and the raised price target suggest a bullish sentiment towards Meta Platforms. However, the technical analysis indicates a potential bearish trend in the future. The upcoming Q2 results could significantly impact the stock's performance.
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