Cantor Fitzgerald Lowers PT on Meta Platforms (META), Keeps a Buy Rating

Group 1 - Meta Platforms, Inc. (NASDAQ:META) is recognized as one of the best communication and media stocks to buy currently, despite a recent price target reduction from $830 to $720 by Cantor Fitzgerald while maintaining an Overweight rating [1] - The company anticipates higher operating expenses for fiscal 2026, driven by infrastructural costs, cloud computing, depreciation, and expenses related to newly hired AI talent, with agreements exceeding $40 billion signed with cloud vendors expected to add around $4 billion in incremental costs [2] - Meta plans to invest $600 billion in the US over the next three years to expand its AI and data center infrastructure, which is also expected to create more jobs [3] Group 2 - While Meta is seen as a potential investment, some analysts suggest that certain AI stocks may offer greater upside potential and lower downside risk [4]