Should You Buy the Dip in Meta Platforms Stock Today?

Core Insights - Meta Platforms (META) shares have declined nearly 10% despite exceeding third-quarter earnings estimates, primarily due to concerns over aggressive spending plans related to artificial intelligence (AI) initiatives [1][3] Financial Performance - Meta's capital expenditures are now projected to be between $70 billion and $72 billion, an increase from the previous forecast of $66 billion to $72 billion [2] - Despite the recent decline, META stock has risen approximately 14% since the beginning of the year [2] Analyst Opinions - Oppenheimer downgraded META stock to "Perform" and removed its previous price target of $696, citing significant investments in AI without clear revenue opportunities [4] - Analysts from Oppenheimer expressed concerns about limited visibility into 2027 earnings, making it challenging to justify Meta's high valuation multiples [5] - Arete's senior analyst warned that Meta may face a cash crunch and potentially enter net debt territory by 2027 [6] Market Sentiment - Despite spending concerns, the consensus rating on META stock remains a "Strong Buy," with a mean target price of approximately $872, indicating a potential upside of about 35% from current levels [8]