Meta Platforms Analysts Raise Their Forecasts After Strong Q2 Results, Shares Surge
Portfolio Pulse from Lisa Levin
Meta Platforms, Inc. (NASDAQ:META) reported better-than-expected Q2 results with revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, surpassing the estimate of $2.91. Following the announcement, Meta shares surged 10.1% in pre-market trading. Analysts from Wells Fargo and Barclays raised their price targets on Meta.
July 27, 2023 | 12:13 pm
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Meta Platforms reported strong Q2 results, beating estimates, which led to a surge in its stock price. Analysts from Wells Fargo and Barclays have raised their price targets on the stock.
Meta Platforms reported better-than-expected Q2 results, which is a positive signal for investors. This led to a surge in its stock price in pre-market trading. Additionally, the raised price targets by Wells Fargo and Barclays analysts indicate a positive outlook for the stock, which could further drive its price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100