Meta Platforms downgraded by KGI Securities with a new price target
$FB
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Technology
KGI Securities downgraded Meta Platforms from Outperform to Neutral and set a new price target of $270.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/20/2022 | $258.00 → $300.00 | Neutral → Buy | Citigroup |
| 4/19/2022 | $228.00 | Neutral | Rosenblatt |
| 3/11/2022 | $265.00 | Buy | Deutsche Bank |
| 3/8/2022 | $301.00 → $240.00 | Neutral | Piper Sandler |
| 3/2/2022 | $360.00 → $325.00 | Overweight | Morgan Stanley |
| 3/1/2022 | Hold | Benchmark | |
| 3/1/2022 | Hold | The Benchmark Company | |
| 2/8/2022 | $270.00 | Outperform → Neutral | KGI Securities |
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Houston, Texas, Sept. 20, 2022 (GLOBE NEWSWIRE) -- EDP Renewables North America (EDPR NA), a leading renewable energy developer and operator in North America, announces the start of construction on its 240-megawatt (MW) Cattlemen I Solar Park in Milam County, Texas. Cattlemen Solar Park, which was developed and constructed and will be operated by EDPR NA, will bring a wealth of economic benefits to Milam County and the greater central Texas region through millions of dollars that will be paid to local landowners, a projected $55 million in taxes that will be paid to support area schools and community services, and millions of dollars that will be spent locally during the project's constr
MENLO PARK, Calif., May 31, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol 'META' prior to market open on June 9, 2022. This will replace the company's current ticker symbol 'FB', which has been used since its initial public offering in 2012. The new ticker symbol aligns with the company's rebranding from Facebook to Meta, announced on October 28, 2021. No action by the company's shareholders is required with respect to the ticker symbol change. The company's Class A commo
Solar and wind facilities advancing both companies' sustainability goals OAKVILLE, ON, May 10, 2022 /PRNewswire/ - Liberty, a part of Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE:AQN) ("Algonquin"), announced today its collaboration with Meta (NASDAQ:FB) on the new 112 MW Deerfield II wind project in Michigan. This long-term power purchase agreement (PPA) for 100 percent of the energy and environmental attributes from Deerfield II, builds upon the existing renewable energy partnership the companies have at the operating Altavista solar facility in Virginia. The Deerfield II wind project is expected to contribute to Liberty's ESG goals and help Meta continue to support its operations wit
In the lead-up to this week’s earnings announcements from major U.S. tech companies, the CEO of the world’s largest wealth fund has voiced concerns over the tech sector’s frothiness. This follows a 5.5% drop in the Nasdaq Composite last week. What Happened: Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), expressed his views on CNBC’s “Squawk Box Europe” on Tuesday, CNBC reported. He stated, “There is clearly a lot of froth within the technology sector. Whether it is too much or not, that is unclear — and I guess we will get the answer later in the week when we get all these results coming through.” NBIM, which oversees the Norwegian Government Pension Fund Global, i
Facebook’s creator, Mark Zuckerberg, has been seen sporting a new hairstyle, which some believe could be a mullet, during a Senate Judiciary Committee hearing. What Happened: Zuckerberg, who is known for his Caesar-like haircut, was observed with a fluffy blond growth at the back of his neck during a hearing on child exploitation on social media. This has led to speculation that the CEO of Meta Platforms might be growing a mullet, reported Business Insider. Images from the hearing displayed the hair from different angles, but it was uncertain whether it was a mullet, a bad hair day, or something else. To resolve the debate, Business Insider consulted the experts at USA Mullet Champ, an
In a bid to capitalize on the ongoing tech stock surge, Tidal Financial Group and ZEGA Financial have introduced a new ETF, providing investors with a unique opportunity to invest in the mega-cap technology sector. What Happened: Business Insider reported that the newly launched YieldMax Magnificent 7 Fund of Option Income ETFs will invest in seven established YieldMax single-stock ETFs. Announced on Tuesday, these funds use covered-call options strategies to generate capital gains and income from leading technology giants, including Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:FB), Tesla Inc. (NASDAQ:TSLA), Amazo
TORONTO, April 22, 2022 /CNW/ - FG Acquisition Corp. (the "Company") (TSX:FGAA) is pleased to announce the appointment of Pete Huitsing to the Company's board of directors. Mr. Huitsing has over 15 years of experience in technology, cyber security, and leadership roles encompassing public, private and government sectors. Mr. Huitsing has served as a Security Partner and Staff Security Engineer at Meta Platforms, Inc. ("Meta") (NASDAQ:FB) since 2017. Mr. Huitsing served as the VP of Engineering for ZeeMee, Inc., a venture capital-backed education technology company, from 2014 to 2017,and as the Chief Technology Officer of Petra Partners, a hedge fund focusing on alternative lending platforms,
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Citigroup upgraded Meta Platforms from Neutral to Buy and set a new price target of $300.00 from $258.00 previously
Rosenblatt initiated coverage of Meta Platforms with a rating of Neutral and set a new price target of $228.00
Deutsche Bank initiated coverage of Meta Platforms with a rating of Buy and set a new price target of $265.00
MENLO PARK, Calif., April 27, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today reported financial results for the quarter ended March 31, 2022. "We made progress this quarter across a number of key company priorities and we remain confident in the long-term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. "More people use our services today than ever before, and I'm proud of how our products are serving people around the world." First Quarter 2022 Financial Highlights Three Months Ended March 31, Year-over-Y
MENLO PARK, Calif., April 4, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) announced today that the company's first quarter 2022 financial results will be released after market close on Wednesday, April 27, 2022. Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same website. A t
MENLO PARK, Calif., Jan. 24, 2022 /PRNewswire/ -- Following Meta Platforms, Inc. (NASDAQ:FB) October 2021 announcement that we would implement a new financial reporting structure, we are sharing additional information about the reporting format of our segmented financials. Beginning with the fourth quarter 2021 earnings results on February 2, 2022, Meta will report revenue and income (loss) from operations for the following two segments: Family of Apps (FoA) includes Facebook, Instagram, Messenger, WhatsApp and other services. We will continue to report total advertising reve
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