Bank of America Lowers Meta Price Target to $810 Citing $100 Billion-Plus AI Capital Expenditure Surge

Bank of America Securities analyst Justin Post reiterated a "Buy" rating on Meta Platforms but lowered the firm's price target from $900 to $810, citing the company's "ballooning expense guide" driven by massive investment in AI infrastructure.

• The adjustment reflects projections that 2026 capital expenditure (CapEx) will land between $109 billion and $114 billion.
• The analyst noted that this high expense guide shifts investor focus to whether AI-driven revenue can accelerate fast enough to fund the outlined 'Superintelligence' future.