Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm’s price target on Meta Platforms (META) to $750 from $850 and keeps an Overweight rating on the shares. Meta reported a Q1 beat on both revenue and EBIT, with solid Q2 growth guidance despite macro headwinds, driven by continued AI-led improvements in user engagement and ad performance, the analyst tells investors in a reseearch note. While increased capex to support AI capacity may raise return concerns, the core advertising business remains strong with multiple avenues to monetize these investments over time, the firm says.
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