Citi keeps a Buy Rating and $850 price target on Meta Platforms (META) following today’s Bloomberg report that the company is planning a “meaningful” reduction of up to 30% at the Metaverse group. The potential significant cut from Metaverse investments clearly frees up resources for Super Intelligence Labs as newer AI products come to market in FY26, the analyst tells investors in a research note. The recent debate has focused on the mix of investment across Meta’s core R&R improvements vs. Super Intelligence relative to revenue growth and the news today suggests Meta can deliver continued product-led growth as it reallocates resources to its greatest opportunities, the firm added.
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