Meta: Wedbush raises TP
(CercleFinance.com) - Wedbush reiterates its 'outperform' rating on Meta Platforms shares, with a target price raised from $680 to $700, in the wake of revised estimates for the social networking giant ahead of its quarterly publication scheduled for 29 January.
For Q4 2024, it expects to announce revenue growth of 17.2%, in line with market expectations, as well as operating profit of $20.1bn (i.e. a margin of 42.8%), about 1% above consensus.
We believe that the risk/return trade-off remains attractive for a blue-chip company with future operating profit growth in the low single-digit range and significant optionality related to generative AI, the broker says.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
For Q4 2024, it expects to announce revenue growth of 17.2%, in line with market expectations, as well as operating profit of $20.1bn (i.e. a margin of 42.8%), about 1% above consensus.
We believe that the risk/return trade-off remains attractive for a blue-chip company with future operating profit growth in the low single-digit range and significant optionality related to generative AI, the broker says.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.