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This is a weekly column planned to share the great opinion from Tigers on ‘What's Your Target Price for Meta After Earnings?’

$Meta Platforms, Inc.(META)$ reports better-than-expected results and issues optimistic guidance for third quarter. The share jumped over 6% after the bell.

Meta reported double-digit revenue growth for the first time since the fourth quarter of 2021

How will Meta move after earnings? At what price will you buy Meta?

Below are some insights from Tiger @Alvin Chow, @ZEROHERO and @nerdbull1669. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @Alvin Chow: Meta's Growth Revives, Shares Spike 7%

Key Points:

• Revenue growth was 11% and that's a rather strong growth on the backdrop of a slowing economy and ad spend. The last time Meta had a double digit percentage revenue growth was in 4Q2021. In contrast, Google ad revenue grew just 3% while Snap saw a 5% decline. Thus, Meta's ad revenue growth was impressive, alleviating concerns that advertisers are leaving the platform due to Apple's privacy restrictions affecting ad targeting.

• The momentum of Meta's growth remains strong, as indicated by the guidance from the CFO for 3Q2023, projecting revenue between $32 billion and $34.5 billion. This translates to an impressive 15% to 24% year-on-year revenue growth, signaling a renewed acceleration in the company's growth trajectory. It is evident that Meta has undergone a turnaround, and the surge in share price is a clear indication of investors recognizing and acknowledging this positive transformation.

• In summary, Meta's recent results are positive, with faster growth compared to competitors in the advertising space. The company has successfully undergone a turnaround, with profits on the rise, alleviating shareholders' concerns about its metaverse spending. The reassuring guidance for the next quarter further adds to the optimism surrounding Meta's performance.

2. @ZEROHERO: META’s Year Of Efficiency Paid Off! 🚀

Key Points:

• Took several call contracts at the dip to bet on META’s positive earnings as anticipated to breach 310as posted yesterday. ⚠️ Trading tips: Now waiting for the market to open to scale out partially and holding on to the rest for more upside potential. Looking to take on calls from profit taking on Thursday. Ready to join me for the next tech earnings? 🥳

• Thus far in 2023, Meta has seen its shares more than double as Zuckerberg has focused on cost-cutting, developing new generative AI technology and the launch of Threads, a micro-blogging app the company launched to compete with the business formerly known as Twitter, which billionaire owner Elon Musk rebranded as X.

• Meta reported that Facebook's daily active user base increased to 2.06 billion users, up from 2.04 billion the previous quarter. The increase defied expectations of analysts surveyed by FactSet who thought user numbers would remain flat.

3. @nerdbull1669: Meta Platform (META) Earnings Release Analysis 26 Jul 2023 Post Market

Key Points:

• Based on the fundamental analysis, Meta has a strong YTD growth but their free cash flow might be a concern if they are going to embark on any new project initiatives.

• Technical Analysis has given a rather conflicting view, though we can see that price movement on SMA is gearing towards a bull trend.

• It might be important for us to take note that there might be a potential bearish reversal. This could be triggered by events before the earnings release or the earnings release itself.

Questions for you:

What's Your Target Price for Meta After Earnings?

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⏰Duration

• 9 Aug (24pm EDT)