Investing.com -- Meta Platforms Inc (NASDAQ:META) stock is climbing ahead of its earnings report on Wednesday as several major Wall Street research firms maintain positive ratings despite worries about increased spending on artificial intelligence technology.
Four prominent Wall Street firms have reaffirmed bullish stances on Meta with price targets between $800 and $870. Wolfe Research kept its Outperform rating with an $800 target, forecasting 21% year-over-year revenue growth in 2026, exceeding the Street’s 18.5% estimate. The firm also expects higher capital expenditures of $118 billion compared to consensus estimates of around $110 billion.
Bernstein maintained its Outperform rating with an $870 target, emphasizing Meta’s strong product deployment capabilities while recognizing investor concerns about increased AI investment. The firm pointed out that Meta AI already has over 1 billion monthly users even with "average" models, suggesting substantial growth potential with improved AI technology.
Bank of America Securities continued its Buy rating with an $810 price target. The firm expects fourth-quarter revenue of $59.2 billion and earnings per share of $8.27, both above consensus estimates. Their research suggests potential upside driven by healthy macroeconomic conditions, usage growth, and AI-enhanced ad targeting.
Raymond James reaffirmed its Strong Buy rating with an $800 target, projecting 20% and 19% top-line growth in 2026 and 2027, respectively, compared to Street estimates of 18% and 16%. The firm described Meta as an "AI Tweener" that could see its narrative change rapidly with breakthroughs in its Llama model or increased AI monetization, though near-term concerns persist about higher expenses and capital expenditures.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

































