Analyst reset Meta stock price target ahead of Q3 earnings
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Meta Platforms rosy Q3 outlook
In its second-quarter earnings report from July, Meta reported earnings of $5.16 per share, beating Wall Street’s projection of $4.73. The company generated $39.07 billion in revenue, surpassing the expected $38.31 billion.
Meta provided an optimistic forecast for the third quarter, projecting revenue from $38.5 billion to $41 billion, above analysts’ $39.1 billion target.
Related: Analyst revisits Meta stock price target as Facebook parent ramps AI spend
“We had a strong [second] quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” said…
