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Meta Platforms:Quarterly Results/2024 Q3: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q3 (view source)
Revision as of 17:39, 22 October 2024
, 22 October 2024→Analysts opinions and insights
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* Buy, $600->$665: Guggenheim said Meta remains the top destination for ad dollars as seen in Q3<ref name=":2">https://thefly.com/permalinks/entry.php/id3994035/META-Meta-Platforms-price-target-raised-by--at-Guggenheim-heres-why</ref>. | * Buy, $600->$665: Guggenheim said Meta remains the top destination for ad dollars as seen in Q3<ref name=":2">https://thefly.com/permalinks/entry.php/id3994035/META-Meta-Platforms-price-target-raised-by--at-Guggenheim-heres-why</ref>. | ||
* Buy, $600->$650: Mizuho said their advertising tracking from major ad platforms indicate that online spending remained resilient in Q3 despite mixed signals from consumer spending<ref>https://thefly.com/permalinks/entry.php/id3999881/META-Meta-Platforms-price-target-raised-by--at-Mizuho-heres-why</ref>. | * Buy, $600->$650: Mizuho said their advertising tracking from major ad platforms indicate that online spending remained resilient in Q3 despite mixed signals from consumer spending<ref>https://thefly.com/permalinks/entry.php/id3999881/META-Meta-Platforms-price-target-raised-by--at-Mizuho-heres-why</ref>. | ||
=== AI tools are boosting meta platforms ROI === | |||
* Buy, $630: Bofa said their checks indicate Meta may benefit from new AI tools and new CRM integration. "Continued ROI improvements driving strong advertiser share gains," BofA said in a note<ref name=":5">https://www.marketscreener.com/quote/stock/META-PLATFORMS-INC-10547141/news/Meta-Platforms-Likely-to-Deliver-Q3-Beat-BofA-Says-48131538/</ref>. | |||
=== Meta to benefit from growing monetization of Reels and Messaging === | |||
* BofA expects Meta to continue benefitting from growing monetization of Reels and Messaging<ref name=":5" />. | |||
* UBS said their data checks indicates that Meta is still benefitting from Reels and Advantage+ adoption. "While Click-to-Message, Advantage+, and Reels drove the 2022-2023 recovery, our recent checks suggest that Meta is still seeing budget gains from at least two of these three vectors (Advantage+ adoption, Reels)," analyst Stephen Ju wrote<ref>https://www.investors.com/all-categories/meta-stock-generative-ai-monetize-mark-zuckerberg-ubs-analyst/</ref>. | |||
=== Meta to report solid results in Q3 2024 === | === Meta to report solid results in Q3 2024 === | ||
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* According to Barclays, Temu has shown signs of weakness in the U.S market. "Our quarterly refresh of Barclaycard data on thousands of Temu spenders points to new buyer activations back at 1Q23 levels, well off the 3Q23 peak," Barclays wrote."The cadence of new US Temu users has nearly halved over the last three quarters and is now back at 1Q23 levels."<ref>https://www.investing.com/news/stock-market-news/temu-threat-abating-in-2q24--barclays-432SI-3625826</ref> | * According to Barclays, Temu has shown signs of weakness in the U.S market. "Our quarterly refresh of Barclaycard data on thousands of Temu spenders points to new buyer activations back at 1Q23 levels, well off the 3Q23 peak," Barclays wrote."The cadence of new US Temu users has nearly halved over the last three quarters and is now back at 1Q23 levels."<ref>https://www.investing.com/news/stock-market-news/temu-threat-abating-in-2q24--barclays-432SI-3625826</ref> | ||
* Roth MKM said in October that their checks indicate a pullback from Chinese ecommerce advertisers<ref name=":4" />. | * Roth MKM said in October that their checks indicate a pullback from Chinese ecommerce advertisers<ref name=":4" />. | ||
* UBS on the other hand believes that Meta has an"ongoing tailwind to top-line growth from Chinese advertisers targeting customers outside of their home market."<ref>https://www.investors.com/all-categories/meta-stock-generative-ai-monetize-mark-zuckerberg-ubs-analyst/</ref> | |||
=== The focus on Q3 earnings will be on Q4 guidance === | === The focus on Q3 earnings will be on Q4 guidance === | ||