6,294
edits
Meta Platforms:Quarterly Results/2024 Q2: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q2 (view source)
Revision as of 11:24, 23 July 2024
, 23 July 2024→Analysts opinions and insights
| Line 159: | Line 159: | ||
* 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>. | * 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>. | ||
* Buy, $540->$565: Jefferies expects Meta to report Q2 results that exceeds the mid-point of its guidance<ref>https://www.finanzen.net/analyse/meta_platforms_ex_facebook_buy-jefferies_&_company_inc._968300</ref>. | |||
* Buy, $480: JP Morgan is positive on Meta's Q2 results. Analyst Douglas Anmuth notes that the operational trends are positive but expectations are high<ref>https://www.finanzen.at/analyse/meta-platforms-ex-facebook-overweight-966673</ref>. | |||
=== China advertisers continue to spend === | === China advertisers continue to spend === | ||
| Line 189: | Line 191: | ||
* Buy, $475->$540: Keybanc said Meta has seen a meaningful uptick in ad prices quarter-to-date<ref>https://thefly.com/permalinks/entry.php/id3935345/META-Meta-Platforms-price-target-raised-by--at-KeyBanc-heres-why</ref>. | * Buy, $475->$540: Keybanc said Meta has seen a meaningful uptick in ad prices quarter-to-date<ref>https://thefly.com/permalinks/entry.php/id3935345/META-Meta-Platforms-price-target-raised-by--at-KeyBanc-heres-why</ref>. | ||
* Buy, $550: Citi said their Reels tracking and ad checks indicate a strengthening digital ad environment. It believes Meta Platforms is gaining share of ad spend. It pointed out that Reels ad loads expanded by 160 basis points to just under 22% quarter-to-date<ref>https://thefly.com/permalinks/entry.php/id3932323/META-Meta-remains-top-pick-at-Citi-following-Reels-ad-load-update</ref>. | * Buy, $550: Citi said their Reels tracking and ad checks indicate a strengthening digital ad environment. It believes Meta Platforms is gaining share of ad spend. It pointed out that Reels ad loads expanded by 160 basis points to just under 22% quarter-to-date<ref>https://thefly.com/permalinks/entry.php/id3932323/META-Meta-remains-top-pick-at-Citi-following-Reels-ad-load-update</ref>. | ||
* Buy, $480->$570: Wedbush said their recent digital ad survey suggests continued strong advertiser demand through Q2<ref>https://www.investing.com/news/stock-market-news/meta-platforms-target-lifted-at-wedbush-following-digital-ad-survey-432SI-3510616</ref>. | |||
=== Steady user engagement === | === Steady user engagement === | ||