Meta Platforms price target lowered to $720 from $830 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Meta Platforms (META) to $720 from $830 and keeps an Overweight rating on the shares. Meta guided for significantly higher FY26 operating expenses, driven by depreciation, infrastructure costs, recently hired AI talent, and cloud computing, the analyst tells investors in a research note. Recent $40B+ agreements with four cloud vendors are expected to add roughly $4B in incremental costs, creating potential headwinds for 2026 despite some timing uncertainty tied to capacity rollout, Cantor says.