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Foreign exchange, Easter likely to weigh on Meta’s guidance, says Raymond James
The Fly

Foreign exchange, Easter likely to weigh on Meta’s guidance, says Raymond James

Raymond James analyst Josh Beck keeps a Strong Buy rating and $725 price target on Meta into Q4 earnings, telling investors that the $50B+ GenAI monetization and deep learning recommendation model opportunities remain underappreciated. At the same time, the firm has a somewhat neutral tactical bias into the Q4 print as the firm expects an outlook potentially below expectations as foreign exchange and Easter are likely to weigh on guidance.

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