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Meta Platforms Inc. continues to show strong growth in online advertising, with significant revenue and earnings increases reported for Q3 2024. Analyst Andreas Schiller from Raiffeisen Bank International AG maintains a buy recommendation, raising the price target to USD 675.00, citing positive trends in user figures and advancements in AI and AR/VR technologies. Despite ongoing investments in Reality Labs, optimism remains regarding future growth and profitability, particularly with the rising demand for smart glasses in collaboration with Ray-Ban.
Andreas Schiller, an analyst at Raiffeisen Bank International AG, maintains a buy recommendation for Amazon.com Inc. shares, raising the price target from USD 220 to USD 235. The company's strong performance in e-commerce and cloud services, along with improved operating margins due to cost discipline, reinforces optimism for continued growth, particularly in the AI sector.
Deutsche Telekom reported a 3.4% year-on-year revenue increase to EUR 28.50 billion for Q3 2024, surpassing estimates. Adjusted EBITDA rose by 5.8% to EUR 11.10 billion, and adjusted net profit improved by 3.0% to EUR 2.34 billion, also above expectations. The company has slightly raised its full-year forecast for adjusted EBITDA to EUR 43.0 billion and maintains a free cash flow expectation of EUR 19.0 billion.
Analyst Andreas Schiller from Raiffeisen Bank International AG recommends buying Alphabet Inc."s A-shares, citing strong financial performance in Q3, with profits and revenues exceeding expectations. The Google Cloud Platform showed significant growth, and the re-election of Donald Trump may ease regulatory pressures. Despite challenges in AI monetization and high data center costs, the medium-term outlook remains positive, prompting an increase in the price target from USD 185 to USD 200.
Andreas Schiller
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