Analysts think there's still room for Meta shares to run, even after the company posted disappointing metrics in its latest quarterly report.
Analysts think there's still room for Meta shares to run, even after the company posted disappointing metrics in its latest quarterly report . Meta on Wednesday reported third-quarter earnings per share of $6.03 on revenue of $40.59 billion, exceeding expectations of $5.25 in earnings per share on $40.29 billion in revenue, according to LSEG.
mountain Meta performance this year. Wall Street majors are largely optimistic on Meta over the next year, with most firms assigning a price target that implies at least 5% upside. Analysts are in wait-and-see mode when it comes to Meta's artificial intelligence investments, but think the company could be a leader in the space particularly as AI boosts advertising trends and hardware innovation tied to the company's Reality Lab ventures.
's ability to drive better engagement/monetization through innovation continues to shine with a flush pipeline of GPU-enabled products for '25/beyond. remains best early GenAI winner in the group," Morgan Stanley analyst Brian Nowak wrote in a note to clients. The company's revenue results highlight its continued strong engagement and ad performance, which means investors "should be willing to tolerate investments ," Nowak added. He pointed out that daily usage grew year-over-year across Facebook and Instagram in the U.S.
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