Connect with us

Hi, what are you looking for?

Uncategorized

Piper Sandler ‘more confident’ on Meta Platforms re-acceleration

© Reuters Piper Sandler ‘more confident’ on Meta Platforms (META) re-acceleration

Piper Sandler analysts lifted the firm’s price target on Overweight-rated Meta Platforms (NASDAQ:) to $310 from $270 in a research note on Wednesday.

The analysts told investors their firm is more confident in META share gains, impressions, and artificial intelligence (AI).

“We are now more confident in META’s re-acceleration and raise 2H23 revenue & out-year estimates,” they wrote. “Our Ad Metrics data suggests pricing is weaker, but spend is holding up. Our view: we think META is ramping Reels inventory faster than anticipated.”

The analysts added that they see META adopting “a three-pronged AI approach: (1) boosting time spent, (2) improve advertiser tools, and (3) creating an open ecosystem.”

“META is just now beginning to re-gain market share after ~2 years of declines. We think AI investments, new product growth (Reels), TikTok issues, and ad-tech investments set the stock up well for 2H23 & into ’24. We raise 2H23E revenue by ~$480MM and ’24E by ~$1.9BN,” concluded analysts.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Content Avalon Slot: Welche person steckt hinter Novoline bzw. wem gehört Novoline? Genieße folgende große Selektion an erstklassigen Slots! Spielothek-Erster Drittens gibt parece wieder...

Uncategorized

Content Welches Online-Spielautomaten werden Halloween benannt – all slots Casino Baron Lord of Saturday (Play’n GO) CASINO-Daten Andere wieder sie sind froh gelaunt und...

News

В 2010 году Лас-Вегас стал свидетелем одного из самых дерзких ограблений в истории азартных игр. 14 декабря, группа из четырех человек, вооруженных огнестрельным оружием,...

Uncategorized

Articles As to the reasons Favor Bodog To experience Slot Online game Sports celebrity and joint wagers Reset Code Football Fortunes The website is...