What's Going On With Meta Platforms Stock Ahead Of Q3 Earnings?
Portfolio Pulse from Adam Eckert
Meta Platforms Inc (NASDAQ:META) shares have risen nearly 25% over the past quarter as the company prepares to report its Q3 earnings on Oct. 30. Analysts expect earnings of $5.24 per share and revenue of $40.253 billion. Meta has consistently exceeded estimates for six consecutive quarters. Analysts have issued positive updates, with several raising their price targets, anticipating a strong performance driven by AI innovations and ad spending.
October 24, 2024 | 5:18 pm
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Meta Platforms is expected to report strong Q3 earnings, with analysts predicting a beat on estimates. The company's shares have risen 25% this quarter, and analysts have raised price targets, citing AI innovations and strong ad spending.
Meta has a strong track record of exceeding earnings estimates, and analysts are optimistic about its Q3 performance. The company's focus on AI and increased ad spending are expected to drive growth, leading to raised price targets and positive sentiment.
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