TD Cowen lowered the firm’s price target on Meta Platforms (META) to $810 from $875 and keeps a Buy rating on the shares. The firm said its strong Q3 results were overshadowed by its ramoing AI infrastructure spending.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Platforms continuing to ramp spend on AI resources, says DA Davidson
- Meta Platforms seeking to raise at least $25B from bond sale, Bloomberg reports
- Meta Platforms price target lowered to $875 from $930 at Evercore ISI
- GOOGL, META, MSFT: Big Tech Fuels AI Boom with Aggressive Capital Spending
- Nvidia Stock Record-Breaking Rally Hits Pause as China Sales Stay Shut Despite Big Tech’s AI Spend
