Analyst reset Meta stock price target ahead of Q3 earnings

Analyst reset Meta stock price target ahead of Q3 earnings

Advertising sales remain Meta’s main revenue source, making up over 98% of total earnings. Bloomberg/Getty Images Meta Platforms rosy Q3 outlook In its second-quarter earnings report from July, Meta reported earnings of $5.16 per share, beating Wall Street’s projection of $4.73. The company generated $39.07 billion in revenue, surpassing the expected $38.31 billion. Meta provided…

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FILE PHOTO: FILE PHOTO: People walk past the headquarters of the PBOC, the central bank, in Beijing

Analysis-China to ramp up policy steps to revive economy but no ‘bazooka’ stimulus seen

By Kevin Yao BEIJING (Reuters) – Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August,…

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