Analyst Says 'Don't Let After-Hours Stock Action Fool You' After Meta Slides Post Q3 Results: 'Delivered One Heck Of A Strong Third Quarter'
Portfolio Pulse from Pooja Rajkumari
Meta Platforms (NASDAQ:META) experienced a 3.18% decline in after-hours trading despite strong Q3 results and a raised price target of $650 by analyst Zev Fima. The company exceeded revenue and earnings expectations, highlighting its growth in AI and cost control. Fima suggests long-term benefits for investors.
October 31, 2024 | 7:04 am
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Meta Platforms' stock fell 3.18% in after-hours trading despite strong Q3 results. Analyst Zev Fima raised the price target to $650, indicating a potential upside. The company exceeded revenue and earnings expectations, with significant growth in AI and cost control.
Despite the after-hours decline, the strong Q3 results and increased price target suggest a positive outlook. The company's growth in AI and cost control are key factors for long-term investors. The short-term dip may present a buying opportunity.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100