Evercore ISI lowered the firm’s price target on Meta Platforms (META) to $875 from $930 and keeps an Outperform rating on the shares. Q3 results “were a classic Beat & Bracket,” but the stock took a hit due to increased investment spending plans for 2026, the analyst tells investors. Meta is leveraging a strong position in the online ad market and AI advancements, making it “a compelling investment,” though the increased 2026 spending plans “warrant close attention,” the analyst added.
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