What's Going On With Meta Platforms Stock Wednesday?
Portfolio Pulse from Adam Eckert
Meta Platforms Inc (NASDAQ:META) is in the spotlight ahead of its Q2 earnings report, expected to show earnings of $4.73 per share and revenue of $38.311 billion. The company has exceeded analyst estimates for five consecutive quarters. Analysts have mixed ratings, with price targets ranging from $500 to $575. AI performance and monetization strategy will be key focus areas.
July 31, 2024 | 3:22 pm
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Meta Platforms Inc (NASDAQ:META) is set to report Q2 earnings, with expectations of $4.73 EPS and $38.311 billion in revenue. The company has a strong track record of exceeding estimates. Analysts have mixed ratings, with price targets ranging from $500 to $575. AI performance and monetization strategy will be key focus areas.
Meta has a strong track record of exceeding earnings estimates, which is likely to positively impact the stock price in the short term. The focus on AI performance and monetization strategy could further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100