BMO Capital raised the firm’s price target on Meta Platforms (META) to $710 from $610 but keeps a Market Perform rating on the shares. The company delivered a very strong Q2 with revenue and EBITDA topping consensus by about 6%, the analyst tells investors in a research note. Rising capex and operating expenditure from AI investments remain a key risk, with management implying about $100B of CapEx in FY26, BMO added.
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