Meta Platforms:Quarterly Results/2024 Q2: Difference between revisions

Meta Platforms:Quarterly Results/2024 Q2 (view source)

1,057 bytes added , 23 July 2024

6,294

edits

@@ Line 156: / Line 156: @@
 == Analysts opinions and insights ==
+=== Meta Q2 results to top expectations ===
+* Buy, $565->$575: Bernstein analysts said Meta's revenue growth expectations have reset since Q1. Investors now expect its revenue to come in towards the top end of their guidance<ref>https://thefly.com/permalinks/entry.php/id3949754/META-Meta-Platforms-price-target-raised-by--at-Bernstein-heres-why</ref>.
+=== China advertisers continue to spend ===
+* Buy, $500->$525: Oppenheimer said China advertisers continue to spend. They noted that U.S import volumes and shipping prices from East Asia to the U.S are indicating strong demand for China products signaling China advertiser tailwind continues<ref>https://thefly.com/permalinks/entry.php/id3948941/META-Meta-Platforms-price-target-raised-by--at-Oppenheimer-heres-why</ref>.
+=== The advertising market remains robust ===
+* Buy, $593->$625: Wells Fargo analysts said their checks indicate robust ads performance in Q2<ref>https://thefly.com/permalinks/entry.php/id3941943/META-Meta-Platforms-price-target-raised-by--at-Wells-Fargo-heres-why</ref>.<br />
 == References ==