Meta Platforms is maintaining strong momentum driven by optimism around its AI strategy, while BofA Securities reiterated a Buy rating and highlighted the company's significant AI investments.
- BofA Securities set an $810 price target, noting that 2026 expense guidance and heavy AI investment are key catalysts for future growth.
- Consensus expectations project quarterly EPS of $8.15 and revenue of $58.37 billion, representing a 20.63% year-over-year increase.
- Shares are trading slightly lower in pre-market at $662.85, down 0.24%, following a strong +2.30% gain in the prior session.