Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks on the Market’s Radar. On October 30, Oppenheimer downgraded the stock to “Perform” from Outperform without a price target. The firm said that there’s “too much uncertainty” surround the company’s AI investments following Q3 earnings. “Downgrading META to Perform (from Outperform) as risk/reward properly reflected after-hours.” According to Analyst Jason, Meta’s “significant investment in Superintelligence despite unknown revenue opportunity mi ...

Meta Platforms (META) shares are down nearly 10% this morning even though the tech behemoth came in ahead of Street estimates for its third quarter. The price action primarily reflects growing concern over the company’s aggressive spending plans tied to its artificial intelligence (AI) ambitions. More News from Barchart Meta now expects its capital expenditures to fall between $70 billion and $72 billion, up from its previous outlook for $66 billion to $72 billion. Despite the post-earnings decline, ME ...

Meta Platforms, Inc. (NASDAQ:META) is one of the Trending AI Stocks on Wall Street’s Radar. On October 21, Bank of America reiterated the stock as “Buy” with a $900 price target. The firm said it’s sticking with the tech giant ahead of earnings later this month. Bofa believes that Meta has the potential for upside driven by improving macroeconomic conditions and accelerating AI benefits. It anticipates Meta to report third-quarter revenue of $50.0 billion and earnings per share of $7.30, beating consensus ...

Market Overview - U.S. stock futures are showing declines due to uncertainties from the government shutdown, with Dow Jones Industrial Average futures down 322 points (0.69%), S&P 500 futures down 54.50 points (0.81%), and Nasdaq 100 futures down 31 points (0.20%) [1][4][15] - The ongoing government shutdown has created market uncertainty, leading to possible delays in economic data and concerns over fiscal policy [1][16] Major Stock Movements - Major tech stocks such as Apple, Alphabet, Meta, Amazon, and Nvidia experienced small declines, while Nike shares rose approximately 3% after reporting unexpected first-quarter revenue growth [2][15] - Lithium Americas surged 39% following a 5% stake acquisition by the U.S. Department of Energy, indicating strong investor interest in the energy sector [2][7] Investor Sentiment - The market reflects a mix of cautious trading in large-cap tech and sharp rallies in select growth-focused companies, with investors closely monitoring these stocks for potential opportunities amid heightened uncertainty [3][16] - The 10-year U.S. Treasury yield increased to 4.16%, signaling cautious investor sentiment, while gold futures rose 0.5%, trading near $3,894 an ounce, as investors sought safer assets [7][16] Individual Stock Performance - Apple (AAPL) is trading slightly higher at $254.63, with a minimal change of +0.2 (+0.08%) and a market cap of $3.78 trillion [11] - Alphabet (GOOGL) shares are down approximately 0.4%, reflecting broader tech weakness [14] - Meta Platforms (META) shares declined by about 0.5% amid profit-taking [14] - Amazon (AMZN) is facing modest losses of around 0.4% due to risk aversion in tech sectors [14] - Nvidia (NVDA) shares are down approximately 0.5%, pressured by profit-taking and broader tech pullback [15]

Group 1 - The company aims to develop AI glasses that provide personal super intelligence and a sense of presence through realistic holograms, contributing to the concept of the Metaverse [1] - AI glasses are considered the ideal form factor for personal super intelligence as they allow users to remain present while accessing AI capabilities that enhance communication, memory, and sensory experiences [2] - The company has been shipping AI glasses for three years in partnership with EssilorLuxottica, and the sales trajectory is comparable to some of the most popular consumer electronics [2] Group 2 - The design of the glasses prioritizes aesthetics and comfort, ensuring they are well-designed for all-day wear before integrating any technology [3]

Group 1 - Meta's Metaverse initiative has resulted in significant capital expenditures and research and development costs, amounting to billions, but has not yet produced successful outcomes [1] - Despite the challenges faced with the Metaverse, Meta's stock has increased over 760% from its lows in 2022 [1] Group 2 - The article reflects on the author's extensive experience in the technology, media, and telecommunications (TMT) sector, emphasizing a focus on momentum as a key investment strategy [2]

Group 1: Earnings Season Overview - The earnings season is underway, with investors focused on the performance of leading companies amidst ongoing challenges such as tariffs [1] - Top Wall Street analysts are assessing companies' abilities to navigate short-term difficulties and deliver long-term returns [1] Group 2: Uber Technologies - Uber Technologies (UBER) is expected to report a 17% year-over-year growth in gross bookings to $46.8 billion for Q2, slightly above Street estimates [3][4] - Revenue growth is anticipated at 18%, with EBITDA projected at $2.09 billion, aligning with consensus estimates [4] - Analyst Mark Mahaney believes UBER's stock remains a top pick due to strong growth in Mobility and Delivery bookings, positive user metrics, and successful robotaxi rollouts [5][6] - Mahaney maintains a buy rating on UBER with a price forecast of $115, while TipRanks' AI analyst has an "outperform" rating with a price target of $108 [6][7] Group 3: Alphabet - Alphabet (GOOGL) has a buy rating reaffirmed by JPMorgan analyst Doug Anmuth, with a price target increase to $200 from $195 [8] - The revised price target is based on better channel checks, third-party data, and favorable forex changes, reflecting a multiple of about 20-times the 2026 GAAP EPS estimate of $9.89 [9] - Anmuth highlights Alphabet's solid fundamentals, innovation focus, and potential growth in non-ad businesses like Cloud and YouTube subscriptions [11][12] - The company is expected to benefit from advances in Generative AI and a shift in advertising dollars to online channels [12][13] Group 4: Meta Platforms - Meta Platforms (META) has a raised price target of $795 from $735, with a maintained buy rating ahead of Q2 results [14] - The upgraded price target is based on a multiple of about 27-times the 2026 GAAP EPS estimate of $29.53, reflecting confidence in robust top-line growth and cost efficiencies [15] - Anmuth emphasizes Meta's competitive advantages, including its scale, growth, and profitability, as well as its targeting capabilities for advertisers [16][17] - The company is expected to invest in growth opportunities in AI and the Metaverse while maintaining cost discipline [17]

Core Viewpoint - Needham upgraded Meta Platforms, Inc. from Underperform to Hold, citing improved revenue and margin expectations for 2025 driven by exceptional labor productivity [1] Group 1: Growth Drivers - Meta ranked first among large-cap peers in free cash flow per employee for 2024, attributed to its software-centric business model leveraging user-generated free content and mobile platforms for distribution [1] - The company's aggressive initiatives in areas such as GenAI, Metaverse, Scale AI, and new hardware are expected to drive growth [2] Group 2: Financial Concerns - Projected capital expenditures for Meta are expected to reach $68 billion in 2025, representing an 84% year-over-year increase, raising concerns about capital allocation and return on investment [2] - The heavy ownership of META shares, with 90% of analysts rating it a Buy or Strong Buy, raises questions about the upside potential at current valuation levels [4] Group 3: Regulatory Challenges - Meta faces increasing scrutiny in the U.S. and Europe, with potential antitrust actions and new compliance burdens that could impact operations and profitability [3]

Core Viewpoint - Meta Platforms' stock is projected to reach $770 in the coming weeks, requiring a 13% increase from its current price of approximately $680, following a nearly 15% gain over the past month [1][6]. Technical Analysis - A technical analysis indicates that Meta has shown its strongest short-term bullish signal in over two years, marked by a four-hour golden cross, which typically signals the beginning of a sustained upward trend [3][5]. - The current chart setup resembles a historical pattern from January 2023, which preceded a significant rally from under $120 to over $300 within a year [4][5]. - The four-hour Relative Strength Index (RSI) patterns from 2022-2023 align closely with current conditions, supporting the potential for a similar upward trajectory [5]. Macroeconomic Factors - Meta's stock rally could be further supported by favorable macroeconomic conditions, such as potential interest rate cuts and advancements in global trade agreements [6]. - The next major technical target is identified as the 1.786 Fibonacci extension level, which is above $1,000 before any significant market correction occurs [6]. Analyst Insights - JPMorgan has revised its price target for Meta from $675 to $735, citing the company's strong position in social graph ownership, advertiser targeting, and strategic investments in AI and the Metaverse as key growth drivers [6][7]. - The bank's analysts describe Meta as an "enduring blue-chip company" benefiting from a unique combination of scale, growth, and profitability [9].