Meta Platforms Reports Solid Q3 Print, But Q4 Outlook Is A Concern: 7 Analysts Dive Deeper Into Results
Portfolio Pulse from Priya Nigam
Meta Platforms Inc (NASDAQ:META) reported strong Q3 results but its Q4 outlook raised concerns among analysts. Despite upbeat Q3 revenues, the company's shares fell in early trading. Analysts from KeyBanc Capital Markets, BofA Securities, Guggenheim Securities, Goldman Sachs, Roth Capital Partners, William Blair, and Needham provided their insights on the earnings release, with most maintaining a positive outlook but expressing concerns about Q4.
October 26, 2023 | 4:01 pm
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Meta Platforms' Q3 results were strong but the Q4 outlook is a concern. This has led to a drop in the company's shares.
The company's strong Q3 results were overshadowed by concerns about the Q4 outlook, leading to a drop in the company's shares. This is likely to have a negative impact on the company's stock in the short term.
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