Bill Ackman’s Pershing Square has revealed a new stake in Meta Platforms alongside a price target increase to $860 by Cantor Fitzgerald analyst Deepak Mathivanan. The move highlights growing institutional confidence in the company's AI-driven monetization strategy.
- Meta is aggressively expanding its infrastructure, including a 1,400-acre addition to the Hyperion data center.
- Capital expenditure is under close watch as it may surpass 50% of annual revenue for the first time.
- The stock closed the session at $669.53, down 0.18% on the day.