Meta Platforms Inc. (NASDAQ:META) could deliver stronger-than-expected third-quarter revenue as artificial intelligence improves its advertising business, according to Bank of America. In a Friday note, Bank of America Securities analyst Justin Post reiterated a Buy rating on Meta with an unchanged $810 price forecast. The forecast implies approximately 10% upside from the stock’s reference price of $736.72. Strong Advertising Demand Could Drive Earnings Beat Post expects Meta to report third-quarter revenue of $63.8 billion, above Wall Street’s consensus estimate of $63.3 billion. The analyst projects advertising revenue of $62.2 billion, representing 24% year-over-year growth. Bank of America’s advertising checks suggest…
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst…
Apple Inc. (NASDAQ:AAPL) has surged 2,848% in the 15 years since co-founder Steve Jobs died, vastly outperforming the broader stock market, as noted by the Carson Group Chief Market Strategist Ryan Detrick.Apple’s Fifteen-Year Market OutperformanceSpeaking on episode 208 of the…
Bitcoin (CRYPTO: BTC) analyst Caleb Franzen, who turned bearish when the token fell below $97,000 last November, says he’s bullish again and sees targets as high as $205,000. Why Franzen Flipped Bullish Franzen, founder of Cubic Analytics, told Milk Road…
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended owning Enterprise Products Partners L.P. (NYSE:EPD), calling it a “really well-run” company. “I think what you’re seeing is related to the fact that the 30-year is headed towards 6% — maybe…