Meta: No Longer A Strong Buy Now
Portfolio Pulse from
Meta Platforms exceeded analysts' expectations for Q3 revenue and EPS, and its net cash and marketable securities have grown to over $42 billion. However, the stock is no longer considered a strong buy.
December 11, 2024 | 2:30 pm
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NEUTRAL IMPACT
Meta Platforms exceeded Q3 expectations for revenue and EPS, and its cash position is strong. Despite this, the stock is no longer seen as a strong buy.
Meta's strong Q3 performance and robust cash position are positive indicators. However, the change in stock recommendation from 'strong buy' suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100