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Leo Miller

Why Nearly 20 Analysts Raised Meta Price Targets Post-Earnings

MarketBeat Meta Citi

Meta Platforms (NASDAQ: META) rewarded investors with another strong post-earnings gain on May 1. Shares rose over 4% after the release, and the company’s results extended its streak of beating expectations. Meta has now beaten Wall Street's sales estimates for 11 straight quarters.

[content-module:CompanyOverview|NASDAQ:META]

It also exceeded expectations for adjusted earnings per share (EPS) for the ninth quarter in a row. Overall, shares have gained by an average of more than 5% post-earnings over the last 10 quarters.

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