Solid earnings but missed estimates
- Growth has slowed down for Facebook and apple ad tracking policies are impacting Facebooks' revenue.
- They are faced with competition from Snapchat, Twitter and Tiktok.
- Total revenue is up 37% over the past year.
- Daily active users are up 8% from last year.
- Facebook will fare better than Snap or Twitter during high inflation. Snapchat still reports negative earnings.
Rating: buy
Target Price: $340
- They are faced with competition from Snapchat, Twitter and Tiktok.
- Total revenue is up 37% over the past year.
- Daily active users are up 8% from last year.
- Facebook will fare better than Snap or Twitter during high inflation. Snapchat still reports negative earnings.
Rating: buy
Target Price: $340
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