Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month.
"[We] believe buyside expectations for a clean beat and raise quarter have minimal margin of error," Roth MKM wrote.
Another reason: Roth MKM believes Temu and Shein are seeing declining importance in using Facebook and Instagram to acquire customers through ads.
META YTD mountain Meta Platforms' stock performance so far in 2024.
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Persons:
Roth MKM, Roth, Shein, they've, Jim Cramer's, Jim Cramer, Jim, Porte, Julien De Rosa
Organizations:
Facebook, Temu, Meta, CNBC, Porte de, Afp, Getty
Locations:
Asia, Pacific, China, Temu, Europe, Paris