BofA lowered the firm’s price target on Meta Platforms (META) to $810 from $900 and keeps a Buy rating on the shares. Following a Q3 revenue beat and “solid” Q4 outlook, the firm is raising its revenue estimates to reflect higher user growth while materially increasing expense estimates. For 2026, the firm raised its revenue forecast by 1% to $240B, expenses by 8% to $156B and lowers its EPS view by 10% to $28.86 while also rolling forward its valuation framework to 2027, the analyst tells investors.
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