Wall Street Sees Upside for META as Metaverse Budget Faces Major Trim

Meta Platforms, Inc. (NASDAQ:META) is one of the Must-Watch AI Stocks on Wall Street. On December 4, Mizuho analyst Lloyd Walmsley reiterated an Outperform rating on the stock with an $815.00 price target. The rating affirmation follows potential cuts to Metaverse; which signal upside for Meta and could potentially add $2/share to 2026 EPS. A Bloomberg report from December 4 has revealed that Meta CEO Mark Zuckerberg is expected to meaningfully cut resources for building metaverse; Zuckerberg’s idea of a ...