These Analysts Revise Their Forecasts On Meta Platforms Following Q3 Results

Core Insights - Meta Platforms Inc. reported strong earnings for Q3, with diluted earnings per share of $1.05, impacted by a one-time non-cash income tax charge of $15.93 billion, while adjusted earnings per share were $7.25 [1] - The company's quarterly revenue reached $51.24 billion, exceeding the Street estimate of $49.38 billion and representing a 26.25% increase from $40.58 billion in the same period last year [2] - Meta anticipates fourth-quarter revenue between $56 billion and $59 billion, slightly above the analyst estimate of $57.21 billion, and has increased its FY25 capital expenditure guidance [2] Financial Performance - Diluted earnings per share: $1.05, adjusted earnings per share: $7.25 [1] - Quarterly revenue: $51.24 billion, a 26.25% increase year-over-year [2] - Fourth-quarter revenue guidance: $56 billion to $59 billion [2] Analyst Ratings and Price Targets - Consensus rating for Meta is "Buy" with a consensus price target of $831.37, highest price target at $1,117, and lowest at $645 [4] - B of A Securities analyst lowered the price target from $900 to $810 while maintaining a "Buy" rating [8] - Rosenblatt analyst raised the price target from $1,086 to $1,117 while also maintaining a "Buy" rating [8]