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Analysts’ Actions: Social Media Giant Boosted on Ad Growth, Micron Could See Rough Quarter

July 21, 2023
in Trade Tube
Reading Time: 1 min read
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Facebook ad growth looks strong, Micron could weather a rough quarter, and a check-in with Tesla, all in Thursday’s Analysts’ Actions. Facebook had its price target boosted to $97 at Citi. The firm said it believes the social network will see consistent ad revenue growth. Micron Technology was cut to $39 at Pacific Crest after guidance came in lower than expected. Though an OUTPERFORM rating was maintained, analysts cut price targets based on weaker memory chip pricing and lower expected earnings. Credit Suisse checked in with its Focus List stock Tesla. The firm noted that current first-quarter sales guidance looks on the low side.

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