ReElement Technologies stock soars after securing $1.4B government deal
Investing.com - Meta Platforms Inc. (NASDAQ:META) received a reiterated Buy rating and $930.00 price target from Pivotal Research following its third-quarter results.
The social media giant reported better-than-expected third-quarter results and fourth-quarter guidance, with the company highlighting artificial intelligence’s material benefits to engagement, ad impressions, and price per ad.
Meta slightly narrowed its 2025 capital expenditure guidance from $66-$72 billion to $70-$72 billion, indicating a shift toward the higher end of its previous range.
The company plans to aggressively front-load capacity building and hiring for AI initiatives, preparing for what CEO Mark Zuckerberg described as "optimistic timelines" that could see superintelligence emerging in three to seven years.
These AI investments will result in "notably higher capex" in 2026 and "significantly faster percentage growth rate" in 2026 operating expenses, as Zuckerberg reportedly prefers risking overinvestment rather than missing what he views as a "once in a lifetime opportunity."
In other recent news, Meta Platforms Inc. reported its third-quarter 2025 earnings, revealing a significant miss in earnings per share (EPS) expectations. The company announced an EPS of $1.05, far below the anticipated $6.68, marking an EPS surprise of -84.28%. However, Meta’s revenue exceeded forecasts, reaching $51.2 billion compared to the expected $49.36 billion, representing a 26% year-over-year increase. Following these results, Piper Sandler adjusted its price target for Meta to $840, maintaining an Overweight rating, while Goldman Sachs lowered its target to $815, keeping a Buy rating. Oppenheimer downgraded Meta from Outperform to Perform, citing concerns over the company’s substantial AI investments. Baird, on the other hand, reiterated an Outperform rating with a price target of $820, noting potential margin decreases due to increased capital and operating expenses. These developments highlight varying analyst perspectives on Meta’s financial health and strategic investments.
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