Top Wall Street Forecasters Revamp Meta Expectations Ahead Of Q3 Earnings

Core Insights - Meta Platforms, Inc. is set to release its third-quarter earnings results on October 29, with expected earnings of $6.68 per share, an increase from $6.03 per share in the same period last year [1] - The consensus estimate for Meta's quarterly revenue is $49.37 billion, up from $40.59 billion a year earlier [1][2] - Meta has surpassed analyst revenue estimates for over 10 consecutive quarters [2] Analyst Ratings - The consensus rating for Meta stock is "Buy," with a highest price target of $1,086.00 and a lowest price target of $600.00, leading to a consensus price target of $826.95 [3] - Oppenheimer analyst Jason Helfstein has an Outperform rating with a revised price target of $825, down from $870 [5] - Cantor Fitzgerald analyst Deepak Mathivanan maintains an Overweight rating with a price target of $920 [5] - UBS analyst Stephen Ju has a Buy rating and increased the price target to $900 from $897 [5] - Wells Fargo analyst Ken Gawrelski raised the price target from $811 to $837 while maintaining an Overweight rating [5] - Mizuho analyst Lloyd Walmsley initiated coverage with an Outperform rating and a price target of $925 [5]