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Meta Platforms:Quarterly Results/2024 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q1 (view source)
Revision as of 14:16, 19 April 2024
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* Buy, $500->$590: TD Cowen said (April 9, 2024) their digital ad check was positive, hence they raised their revenue estimates for Q1 2024 and 2024-2029 by 1%-4%<ref>https://thefly.com/landingPageNews.php?id=3894073&headline=META-Meta-Platforms-price-target-raised-by--at-TD-Cowen-heres-why&utm_source=https://thefly.com/news.php%3Fsymbol=META&utm_medium=referral&utm_campaign=referral_traffic</ref>. | * Buy, $500->$590: TD Cowen said (April 9, 2024) their digital ad check was positive, hence they raised their revenue estimates for Q1 2024 and 2024-2029 by 1%-4%<ref>https://thefly.com/landingPageNews.php?id=3894073&headline=META-Meta-Platforms-price-target-raised-by--at-TD-Cowen-heres-why&utm_source=https://thefly.com/news.php%3Fsymbol=META&utm_medium=referral&utm_campaign=referral_traffic</ref>. | ||
* Buy, $609->$600: Wells Fargo said their advertising checks suggest continued strong growth<ref>https://thefly.com/permalinks/entry.php/id3890933/META-Meta-Platforms-price-target-lowered-by--at-Wells-Fargo-heres-why</ref>. | * Buy, $609->$600: Wells Fargo said their advertising checks suggest continued strong growth<ref>https://thefly.com/permalinks/entry.php/id3890933/META-Meta-Platforms-price-target-lowered-by--at-Wells-Fargo-heres-why</ref>. | ||
=== Meta's 2024 revenue is expected to top forecasts === | |||
* Buy, $575: Mizuho said their deep dive on Meta's key products indicates an upside to the consensus revenue forecast for 2024. Things such as improving Reels monetizations, geographic expansion, Amazon Shops partnership, and unified ranking to optimize video placements give Mizuho confidence that Meta's revenue will top the street-consensus estimate of 20%. They also expect Meta's long-term investments in WhatsApp and AI could generate a 65% upside in sales and users over time<ref>https://thefly.com/landingPageNews.php?id=3883539&headline=META-Mizuho-names-Meta-Platforms-top-pick-after-product-deep-dive&utm_source=https://thefly.com/news.php%3fsymbol=META&utm_medium=referral&utm_campaign=referral_traffic</ref>. | |||
* Buy, $550->$585: Based on their market analysis, Jefferies expects Meta will capture 50% of incremental market dollars in 2024, making its ad revenue grow by 20%, above the 9% industry average as the company scales its AI ad tools which supplement the already good Advantage+ product<ref>https://thefly.com/landingPageNews.php?id=3892008&headline=META;AMZN-Meta-Platforms-price-target-raised-by--at-Jefferies-heres-why&utm_source=https://thefly.com/news.php%3fsymbol=META&utm_medium=referral&utm_campaign=referral_traffic</ref>. | |||
== References == | == References == | ||