Meta-回调时值得买入的 5 个理由 —— 首选标的

2/ We Remain Optimistic About Potential Positive Est. Revisions Through 2026. Even if META guides FY26 capex above the Street's ~$110B and total expenses above the Street's ~$150B (28% y/y), which already embeds ~500bps of OI mgn compression, we do not expect this to surprise investors. Mgmt has telegraphed elevated spend needs & typically issues initial guidance that lands above actual results. With Q4 likely viewed as peak pressure, sentiment should improve as META approaches its expected new model releas ...