Meta Platforms Stock Is Rallying Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Meta Platforms Inc (NASDAQ:META) shares are rallying after the company reported strong Q2 financial results, surpassing revenue and EPS estimates. The company also issued higher-than-expected guidance for Q3. Several analysts raised their price targets on META following the earnings report.
August 01, 2024 | 1:18 pm
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Meta Platforms Inc reported strong Q2 results with revenue of $39.07 billion and EPS of $5.16, both beating estimates. The company also provided higher-than-expected Q3 revenue guidance. Several analysts raised their price targets on META.
Meta's strong Q2 performance and higher-than-expected Q3 guidance are likely to boost investor confidence, leading to a positive short-term impact on the stock price. The multiple analyst upgrades further reinforce this positive sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100