Meta: UBS raises target after quarterly results
(CercleFinance.com) - UBS confirmed its "buy" rating on Meta Platforms shares, raising its target price for them from $415 to $425, which represents upside potential of 42% for the stock of the social networking giant (which notably operates Facebook).
The day after its quarterly publication, the broker explains that it is raising its EPS estimates following solid results and a lower-than-expected cost outlook for 2024. It now expects 2024 EPS of $19.64, followed by $22.70 in 2025.
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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 day after its quarterly publication, the broker explains that it is raising its EPS estimates following solid results and a lower-than-expected cost outlook for 2024. It now expects 2024 EPS of $19.64, followed by $22.70 in 2025.
Copyright (c) 2023 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.