Analysts Lift Price Targets On Meta Platforms Stock Ahead Of Q3 Earnings: Here's Why
Portfolio Pulse from Adam Eckert
Analysts have raised price targets for Meta Platforms Inc (NASDAQ:META) ahead of its Q3 earnings report, citing strong ad spending driven by political advertising. Mizuho and TD Cowen analysts expect Meta to beat earnings estimates, with price targets set at $650 and $675 respectively.
October 17, 2024 | 7:22 pm
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Analysts from Mizuho and TD Cowen have raised their price targets for Meta Platforms Inc, anticipating a strong Q3 earnings report driven by robust ad spending, particularly in political advertising.
Analysts have increased their price targets for Meta, indicating positive expectations for the upcoming earnings report. The anticipation of a beat-and-raise quarter, driven by strong ad spending, suggests a likely positive impact on Meta's stock price in the short term.
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