Meta Platforms Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Meta Platforms, Inc. META is expected to release financial results for its third quarter, after the closing bell on Oct. 25, 2023.

Analysts expect the company to post quarterly earnings at $3.63 per share, up sharply from year-ago earnings of $1.64 per share. The company’s revenue might come in at $33.58 billion, compared to $27.71 billion in the year-ago period.

In a major legal move, 42 attorneys general from various political backgrounds have united to file a lawsuit against Meta Platforms.

Meta shares fell 0.5% to close at $312.55 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Seaport Global analyst Aaron Kessler initiated coverage on the stock with a Buy rating and a price target of $365 on Oct. 24, 2023. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and cut the price target from $425 to $400 on Oct. 4, 2023. This analyst has an accuracy rate of 83%.
• Oppenheimer analyst Jason Helfstein reiterated an Outperform rating with a price target of $385 on Sept. 28, 2023. This analyst has an accuracy rate of 75%.
• Guggenheim analyst Michael Morris maintained a Buy rating and boosted the price target from $375 to $380 on Sept. 27, 2023. This analyst has an accuracy rate of 70%.
• Citigroup analyst Ronald Josey reiterated a Buy rating with a price target of $385 on Sept. 22, 2023. This analyst has an accuracy rate of 70%.

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