![]() ![]() Despite predictions that the launch won’t have much impact on share prices, it’s clear that Wall Street is still highly bullish on META stock. However, it should be noted that META stock currently maintains a strong buy consensus on TipRanks, with 36 out of 40 analysts rating it as a “buy.” Since the Threads launch began trending, both Patterson and Justin Post of Bank of America Securities have issued “buy” ratings. The market’s reaction to the Threads launch certainly supports the cautious predictions made by Patterson and Gawrelski. However, Threads is not yet available in the EU due to regulatory concerns. That prediction comes in spite of the fact that it is currently available in over 100 countries. In a recent note, Gawrelski stated that initial monetization from Threads will be limited to U.S. His team estimates that the annualized impact will account for roughly 1-3% of Meta’s revenue and earnings-per-share ( EPS). Ken Gawrelski of Wells Fargo also doesn’t see Threads launch having much impact on META stock. He attributed this optimism to strong top-line performance, operational efficiencies, and ongoing share buybacks.” However, Patterson highlighted that the core ad platform remains robust, leading to an upward revision of the 20 earnings per share forecasts by 4%-10% to $12.81 and $16.77, respectively. “In the short term, Threads will have minimal impact as Meta focuses on adoption rather than monetization, the analyst said. ![]() Justin Patterson of KeyBanc Capital Markets responded by raising his META price target, predicting a 14% upside. Multiple analysts have expressed skepticism that the launch of Threads will have much impact on share prices, and if it does, it won’t happen in the short term. Despite that bump, most of Wall Street likely isn’t surprised by today’s performance. Yesterday, META stock rose as the pending launch generated positive momentum. However, its current trading pattern suggests that it has further to fall. With such a volatile trajectory, how it will finish the day is impossible to predict. ![]() As of this writing, it is down 0.1% for the day. While META stock hasn’t fallen too far, it also hasn’t seen the type of growth that often stems from a highly-anticipated product launch. was incorporated in 2004 and is headquartered in Menlo Park, California.As noted, it’s been a complicated morning for Meta, even as Threads downloads and signups have shot upward. and changed its name to Meta Platforms, Inc. The company was formerly known as Facebook, Inc. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. It operates in two segments, Family of Apps and Reality Labs. ![]() engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. ![]()
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