In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Meta Platforms (META – Research Report), with a price target of $690.00.
John Blackledge has given his Buy rating due to a combination of factors including Meta Platforms’ significant investment plans in artificial intelligence (AI) and infrastructure. The company’s CEO, Mark Zuckerberg, announced an expected capital expenditure for 2025 between $60 billion and $65 billion, which aligns with buy-side expectations and surpasses the consensus estimate. This investment will primarily focus on data centers and GPU spending to bolster Meta’s AI initiatives.
Furthermore, the firm’s ambitious plans include developing Meta AI to serve over a billion people, advancing its open-source AI model Llama 4, and enhancing its capabilities with a new AI engineer for software development. The substantial year-over-year increase in capital expenditure reflects Meta’s commitment to expanding its AI capabilities and infrastructure. Additionally, Meta plans to significantly increase its AI-related workforce, with operating expenses forecasted to rise significantly, supporting the anticipated growth. These strategic initiatives underpin the Buy recommendation as they are expected to drive future revenue and market leadership in AI.
In another report released today, Bank of America Securities also assigned a Buy rating to the stock with a $710.00 price target.
Based on the recent corporate insider activity of 337 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of META in relation to earlier this year.
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Meta Platforms (META) Company Description:
Meta Platforms, Inc. (META), formerly known as Facebook, Inc., is a technology company specializing in social media and digital advertising. Headquartered in Menlo Park, California, Meta operates some of the world’s most popular platforms, including Facebook, Instagram, WhatsApp, and Messenger. The company generates the majority of its revenue from advertising. Meta is also developing and advancing virtual and augmented reality technologies through its Reality Labs division.
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