Meta Preps Major Metaverse Cuts, Analysts Predict Earnings Pop

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.JPMorgan analyst Doug Anmuth maintained an Overweight rating on Meta with a price forecast of $800.Bank of America Securities analyst Justin Post reiterated a Buy rating on Meta with a price forecast of $810.Also Read: Meta Pl ...