Bernstein analyst Mark Shmulik set a $800 price target for Meta Platforms, suggesting a 36.6% upside from its current price of $585.61. This comes despite Meta's recent 9% stock drop after its Q2 report showed 28% revenue growth to $60.8 billion but a 14% net income decline and earnings per share below expectations. Investors are wary of Meta's heavy spending on AI, though some analysts like Jefferies' Brent Thill remain optimistic, expecting AI investments to open new profitable business areas beyond advertising in the long term.
Meta Platforms reported Q3 earnings with revenue beating estimates at $60.8 billion but earnings per share falling short at $6.18 versus $7.22 expected. The company’s costs rose 55% year-over-year, driven by over $1 billion in severance pay from layo...
Meta's shares fell 9% in one day, marking an 11-day losing streak and cutting Mark Zuckerberg's net worth by nearly $18 billion to $183.3 billion. The drop follows Meta's increased AI spending forecast to $137.5 billion and earnings below analyst exp...
Meta Platforms' stock lost more than $160 billion in value recently, dropping over 11% in five days after earnings showed rising AI infrastructure costs squeezed profits. Despite this, Wall Street analysts remain optimistic, with Mizuho lowering its ...
Amazon plans to spend around $200 billion on capital expenditures in 2026, driven by growing investments in artificial intelligence. The company reported a 77% increase in capex to $44.2 billion in Q1, with expectations to rise to $49.3 billion in Q2...
Meta CEO Mark Zuckerberg announced that AI, particularly large language models (LLMs), is enabling the company to develop and launch new apps faster than before. Recent launches include standalone apps for Marketplace sellers, Facebook Groups, and In...
