6,575
edits
Meta Platforms:Quarterly Results/2023 Q2: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q2 (view source)
Revision as of 14:52, 20 July 2023
, 20 July 2023→Analysts comments
| Line 137: | Line 137: | ||
=== Analysts comments === | === Analysts comments === | ||
==== Youssef Squali, Truist Securities ==== | |||
* Raised Meta price target to $340 from $265 and maintained buy rating<ref>https://www.benzinga.com/news/23/07/33288101/meta-platforms-positioned-for-growth-with-recovery-in-ad-spending-and-positive-user-engagement-analy</ref>. | |||
* He cites continued recovery in ad spending in Q2 and expectations for continued acceleration in the second half as reasons for the tweaked estimates. | |||
* He added that management's focus on operating efficiency should boost margins despite investments in AI and Machine Learning. | |||
* Squalli also pointed to resilience in engagement. | |||
==== John Blackledge, TD Cowen ==== | ==== John Blackledge, TD Cowen ==== | ||