MoffettNathanson Turns Cautious on META, Citing Accelerating AI Spend

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Making Moves on Wall Street. On November 19, MoffettNathanson cut its price target for the stock to $750, warning that “this time is different” from previous tech resets. The firm believes that there are steep margin risks amid accelerating AI investments for Meta. The firm believes that there is a lack of cost discipline in the company, calling for ‘another year of efficiency’ as margins face multiyear pressure.  Much of the firm’s past year has ...