Solid earnings but missed estimates
- Growth has slowed down for Facebook and apple ad tracking policies are impacting Facebooks' revenue.
- They are faced with competition from Snapchat, Twitter and Tiktok.
- Total revenue is up 37% over the past year.
- Daily active users are up 8% from last year.
- Facebook will fare better than Snap or Twitter during high inflation. Snapchat still reports negative earnings.
Rating: buy
Target Price: $340
- They are faced with competition from Snapchat, Twitter and Tiktok.
- Total revenue is up 37% over the past year.
- Daily active users are up 8% from last year.
- Facebook will fare better than Snap or Twitter during high inflation. Snapchat still reports negative earnings.
Rating: buy
Target Price: $340
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.