"Shares of Meta Platforms Inc. (NASDAQ: META) gained 0.57% over the past five trading sessions after losing 0.78% the five prior. The Magnificent Seven member's year-to-date gain stands at 20.47%. When the company reported Q2 earnings on July 30, it announced EPS of $7.14 versus an expected $5.92 and revenue of $47.52 billion versus $44.80 expected. The company's Q2 ad revenue was $46.56 billion, beating Wall Street's forecast of $43.97 billion."
"Over the summer, the Mark Zuckerberg-led tech stock has seen a flurry of analyst upgrades. On Aug. 1, Barclays raised its price target to $810 from $640. In July, Benchmark ($800 from $640), KeyBanc ($800 from $655), Bernstein ($775 from $700), Bank of America ($765 from $690), Wells Fargo ($783 from $664), Cantor Fitzgerald ($828 from $807), Canaccord ($850 from $825) and Citi ($803 from $690) all issued bullish price target adjustments on META."
Meta Platforms' shares gained 0.57% over the past five trading sessions after a prior 0.78% decline, and year-to-date gain is 20.47%. Q2 EPS was $7.14 versus expected $5.92, and revenue was $47.52 billion versus $44.80 billion expected. Q2 ad revenue was $46.56 billion, above forecast. Multiple analysts raised price targets in July and August, with Barclays raising to $810 and others raising targets into the $750–$850 range. The company authorized a $50 billion buyback and initiated a dividend yielding 0.29% ($2.08 annualized). Revenue grew from $12.466 billion in 2014 to over $164 billion in 2024, and net income rose from $2.94 billion to over $62.36 billion, driven primarily by ad revenue.
Read at 24/7 Wall St.
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