Trading Strategies For Meta Platforms Stock Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Meta Platforms, Inc (NASDAQ:META) is set to release its Q3 financial results. The stock has been falling ahead of the announcement. For Q2, Meta reported EPS of $2.98, beating the Street estimate of $2.91, and revenues of $32 billion, above the $31.12-billion estimate. For Q3, analysts estimate Meta will report EPS of $3.42 on revenues of $31.65 billion. Seaport Global analyst Aaron Kessler initiated coverage with a Buy rating on Meta and announced a price target of $365. From a technical analysis perspective, Meta’s stock looks bearish.

October 25, 2023 | 7:02 pm
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Meta Platforms is set to release its Q3 results. The stock has been falling ahead of the announcement. Seaport Global analyst Aaron Kessler initiated coverage with a Buy rating on Meta and announced a price target of $365.
The stock has been falling ahead of the Q3 results announcement, which indicates a bearish sentiment among investors. However, the Buy rating and price target of $365 from Seaport Global analyst Aaron Kessler could potentially influence the stock positively. The final impact will depend on the actual Q3 results.
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IMPORTANCE 80
RELEVANCE 100