Meta Platforms will report its first-quarter earnings on Wednesday after the closing bell.
Wall Street is optimistic about the social media firm's result, citing optimism around AI and ad spending.
Here's what Wall Street expects from Meta's first-quarter earnings after the closing bell on Wednesday:Wells Fargo: In need of a new catalystWells Fargo has projected ad-led strength in the first-quarter, with Meta benefiting from a robust e-commerce environment.
The bank highlighted the fact that Instagram Reels has reached revenue neutrality, and should remain a key revenue growth tailwind over the coming years.
JPMorgan rates Meta at "Overweight" with a $535 price target.
Persons:
—, Wells, Ken Gawrelski, optionality, Brad Erickson, Goldman Sachs, Goldman, Justin Post, Nitin Bansal, Doug Anmuth
Organizations:
Service, Meta, RBC, Bank of America, Washington . Bank of America, JPMorgan
Locations:
Meta's, Fargo, Wells, Washington .