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Analyst Says 'Don't Let After-Hours Stock Action Fool You' After Meta Slides Post Q3 Results: 'Delivered One Heck Of A Strong Third Quarter'

Zev Fima has increased the price target for Meta Platforms (NASDAQ:META) to $650 per share. This comes despite a decline in the company’s stock during after-hours trading. Fima highlighted the robust third-quarter results, with revenue guidance for the current quarter surpassing expectations.What Happened: At the time of writing, Meta was sliding down by 3.18% and was trading at $573 during the after-hours market, as per Benzinga Pro after closing at $591.80 on Wednesday.Fima’s new price target indicates a potential upside of over 9.5% from Wednesday’s closing price, which was slightly below its record-high close earlier in October. Despite this positive outlook, Fima maintained a “2” rating on the stock, suggesting short-term profit-taking opportunities, CNBC Full story available on Benzinga.com

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Published by: benzinga

Read full article here: https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41645227/analyst-says-dont-let-after-hours-stock-action-fool-you-after-meta-slides-post-q3-r