Meta Platforms Inc (META)

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Facebook, Inc. Forecasted to Earn Q1 2021 Earnings of $2.47 Per Share
By: MarketBeat | April 16, 2021

• Facebook, Inc. (NASDAQ:FB) - Analysts at Wedbush issued their Q1 2021 EPS estimates for Facebook in a note issued to investors on Tuesday, April 13th. Wedbush analyst Y. Arounian anticipates that the social networking company will post earnings of $2.47 per share for the quarter. Wedbush currently has a "Neutral" rating and a $340.00 target price on the stock. Wedbush also issued estimates for Facebook's Q2 2021 earnings at $2.42 EPS, Q3 2021 earnings at $2.69 EPS, Q4 2021 earnings at $3.81 EPS, FY2021 earnings at $11.40 EPS, Q1 2022 earnings at $2.94 EPS, Q2 2022 earnings at $2.87 EPS, Q3 2022 earnings at $3.27 EPS, Q4 2022 earnings at $4.66 EPS, FY2022 earnings at $13.73 EPS and FY2023 earnings at $16.06 EPS.

A number of other research firms have also weighed in on FB. Oppenheimer boosted their target price on Facebook from $345.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, January 28th. Loop Capital boosted their target price on Facebook from $330.00 to $370.00 and gave the company a "buy" rating in a research note on Tuesday, February 16th. Barclays boosted their target price on Facebook from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, January 28th. Pivotal Research boosted their target price on Facebook from $315.00 to $340.00 and gave the company a "hold" rating in a research note on Thursday, January 28th. Finally, JPMorgan Chase & Co. boosted their price target on Facebook from $330.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Facebook presently has a consensus rating of "Buy" and a consensus target price of $326.78.

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