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META’s Big Earnings Beat Overshadowed by Soaring AI Spending

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in the Spotlight This Week. On October 30, TD Cowen lowered its price target on the stock to 810from810 from 875 while maintaining a Buy rating. The price target adjustment follows Meta’s Q3 results, where the tech giant reported revenue and operating income exceeding consensus estimates by 4% and 5% respectively. Despite this robust Q3 beat and upbeat Q4 outlook, the company’s rising AI capex/opex has tempered near-term margin view. TD Cowen noted ho ...