Meta Platforms price target lowered to $310 from $330 at
Jefferies Jefferies analyst Brent Thill lowered the firm's price
target on Meta Platforms (FB) to $310 from $330 and keeps a Buy
rating on the shares, arguing that Snap's (SNAP) pre-announcement
that Q2 revenue growth will likely come in below its initial
20%-25% guidance is "indicative of a rapidly deteriorating macro
environment that will likely impact the whole ad industry." He is
lowering his FY22 and FY23 revenue estimates for a number of other
digital advertising companies by an average of 3% and 6%
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Meta Platforms price target lowered
Posted by steve on 24th of May 2022 at 08:45 am
Meta Platforms price target lowered to $310 from $330 at Jefferies Jefferies analyst Brent Thill lowered the firm's price target on Meta Platforms (FB) to $310 from $330 and keeps a Buy rating on the shares, arguing that Snap's (SNAP) pre-announcement that Q2 revenue growth will likely come in below its initial 20%-25% guidance is "indicative of a rapidly deteriorating macro environment that will likely impact the whole ad industry." He is lowering his FY22 and FY23 revenue estimates for a number of other digital advertising companies by an average of 3% and 6%