Scotiabank analyst set a $650 price target for Meta Platforms, indicating a potential 6.8% downside from its trading price at the time. Despite strong revenue from its core platforms like Facebook and Instagram, investor concerns over rising artificial intelligence (AI) spending impacted Meta's…
Meta Platforms (NASDAQ: META) reported robust Q3 revenue of $64.6 billion, surpassing Wall Street expectations. Despite strong sales, the company faces investor scrutiny due to increased capital spending on AI infrastructure, with its 2026 forecast raised to between $135 billion and $145 billion.…
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Articles from Financial Modeling Prep.
