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As Meta Platforms Inc. META and Alphabet Inc. GOOGL GOOG prepare to release their third-quarter results, an analyst at KeyBanc Capital Markets took down his estimates — both current year and forward — as well as price targets for shares. What Happened: Justin Patterson maintained his Overweight ratings for the shares of both Meta and […]
Metro Brands raises ₹410 crores from Anchor Investors ahead of IPO – Correct Success One of the footwear market leader Metro Brands raised ₹410 crores from anchor investors on December 09, 2021 Thursday before the IPO. The Metro Brands IPO is to open on December 10, Friday. The company allotted a total of 82,05,030 equity […]
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Meta Faces Another Tough Quarter. One Analyst Sees More Trouble Ahead.
ABC Audio All Rights Reserved
April 14, 2022
Text size Evercore ISI’s Mark Mahaney set a short-term Underperform rating on Meta shares. NOAH BERGER / AFP / Getty Images There is growing consensus on the Street that Facebook parent Meta Platforms is headed for yet another rough quarter. Meta shares (ticker: FB) have fallen by about a third since the fourth-quarter earnings report, […]