TD Cowen Maintains Buy Rating on Meta Platforms (META) Stock

Core Viewpoint - Meta Platforms, Inc. (NASDAQ:META) is recognized as a top AI and technology stock by hedge funds, with analysts maintaining a positive outlook on its stock performance due to strategic cost management and earnings growth potential [1]. Group 1: Analyst Ratings and Price Objectives - TD Cowen analyst John Blackledge has maintained a "Buy" rating on Meta's stock with a price target of $810.00, supported by the company's strategic cost management and earnings growth potential [1]. - Morgan Stanley has reduced its price objective for Meta's stock from $820.00 to $750.00 while maintaining an "Overweight" rating, citing the company's ability to leverage data, distribution capabilities, and AI investments for earnings growth [3]. Group 2: Cost Management and Savings - Meta's plan to significantly reduce Metaverse-related expenses, particularly within the Reality Labs segment, is expected to achieve cost reductions of approximately 30% by 2026, translating to potential savings of $5 billion to $6 billion [2]. - These cost reductions are seen as a way to offset increased spending on AI infrastructure, which is a critical investment area for Meta [2].