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	* Buy, $550: Analyst Justin Post of Bofa said their ad checks and Easter benefits were positive for Meta. He cited Sensor Tower data that indicated healthy Instagram users & time spent (though time spent on Facebook was down Y/Y in Q1). He guided for a conservative Q2 due to dollar depreciation. Post forecasts Meta will report Q2 revenue of between $36.0 billion and $39.5 billion versus the Street estimate of $38.3 billion<ref>https://www.benzinga.com/news/24/04/38337954/metas-ai-edge-undervalued-assets-could-drive-surprising-gains-analysts-say</ref>. Their analysis of Sensor Tower data suggests that Instagram has seen a 6% y/y growth in DAUs to 1.1 billion in Q1 2024 while Facebook was flattish at 1.25 billion DAUs<ref>https://seekingalpha.com/article/4684979-meta-platforms-expect-shares-to-pop-on-strong-earnings</ref>.[[File:Analysis of Sensor Tower Data.png\|left\|thumb\|Source: Seeking Alpha<ref>https://seekingalpha.com/article/4684979-meta-platforms-expect-shares-to-pop-on-strong-earnings</ref>]]		* Buy, $550: Analyst Justin Post of Bofa said their ad checks and Easter benefits were positive for Meta. He cited Sensor Tower data that indicated healthy Instagram users & time spent (though time spent on Facebook was down Y/Y in Q1). He guided for a conservative Q2 due to dollar depreciation. Post forecasts Meta will report Q2 revenue of between $36.0 billion and $39.5 billion versus the Street estimate of $38.3 billion<ref>https://www.benzinga.com/news/24/04/38337954/metas-ai-edge-undervalued-assets-could-drive-surprising-gains-analysts-say</ref>. Their analysis of Sensor Tower data suggests that Instagram has seen a 6% y/y growth in DAUs to 1.1 billion in Q1 2024 while Facebook was flattish at 1.25 billion DAUs<ref>https://seekingalpha.com/article/4684979-meta-platforms-expect-shares-to-pop-on-strong-earnings</ref>.[[File:Analysis of Sensor Tower Data.png\|left\|thumb\|Source: Seeking Alpha<ref>https://seekingalpha.com/article/4684979-meta-platforms-expect-shares-to-pop-on-strong-earnings</ref>]]















	== References ==		== References ==