Meta Platforms Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Meta Platforms, Inc. (NASDAQ:META) is expected to release its Q3 financial results on Oct. 25, 2023. Analysts predict earnings of $3.63 per share, up from $1.64 per share a year ago, and revenue of $33.58 billion, up from $27.71 billion. However, the company is facing a lawsuit filed by 42 attorneys general. Meta's shares fell 0.5% to close at $312.55 on Tuesday. Several analysts have given the stock a Buy or Overweight rating, with price targets ranging from $365 to $400.
October 25, 2023 | 3:09 pm
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Meta Platforms is expected to report strong Q3 results, but is facing a major lawsuit. The stock has been rated Buy or Overweight by several analysts, with price targets between $365 and $400.
The expected strong Q3 results could boost Meta's stock, but the lawsuit could have a negative impact. The analyst ratings and price targets suggest a positive outlook, but the recent 0.5% drop in the stock's price indicates some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100