Pivotal Research Reiterates Buy Rating on Meta Platforms Inc. (META)

Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating and $930.00 price target on Meta Platforms Inc. (NASDAQ: META)

The analyst comments: "Meta reported nicely better than expected 3Q results/4Q guidance as the company continued to point to AI having a material benefit to engagement/ad impressions/price per ad, offset modestly by narrowed '25 capex guidance (from $66-$72B to $70-$72B) and Zuck has decided to aggressively front load building out capacity/hiring for AI to prepare for 'optimistic timelines' (e.g. super intelligence in 3-7 years) which includes 'notably higher capex' in '26 and 'significantly faster % growth rate in '26 opex. Basically, Zuck sees massive opportunities in AI and would rather take the risk of overinvestment than miss a once in a lifetime opportunity but feels if AGI takes longer than expected they can always pull back and use the capacity/talent internally to improve ops/product."

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $751.67 yesterday.

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