Meta Platforms to use Reuters news content in AI chatbot

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Evercore ISI Reiterates Outperform Rating on Meta Platforms Inc. (META)

October 28, 2024 4:01 PM EDT

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $600.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Our View: Based on intra-quarter data points and our model sensitivity analysis, we believe META will likely print a modest Beat & Bracket Q3. We view the Streets Q3 Revenue estimate (+17.6% Y/Y and +2.8% Q/Q) as reasonable, with more upside vs. downside variance, given 1) our ad channel checks... More