Meta Platforms (META)
Cantor Fitzgerald maintained its Overweight rating but lowered its 12 month price target to US$840.00 from US$860.00 ahead of Meta’s third-quarter results. The firm remains positive on Meta’s advertising business and expects its fourth-quarter outlook to show continued strength, while the target reduction modestly trims its forecast for the shares. Meta’s second-quarter revenue rose 28% year over year, but costs grew faster as the company expanded its AI infrastructure. The next earnings report will test whether advertising growth can support that spending and whether Meta’s guidance justifies Cantor Fitzgerald’s continued bullish view.
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