Barclays lowered the firm’s price target on Meta Platforms (META) to $770 from $810 and keeps an Overweight rating on the shares. The company’s solid Q3 results were overshadowed by the increased investments, the analyst tells investors in a research note. The firm says that while the investments are likely to produce solid returns longer term, they wipe out most of the expected operating income growth in 2026 and nearly all the free cash flow.
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