Wall Street analysts set a median price target of $815 for Meta, signaling potential gains as AI investments drive ad growth.
Meta Platforms (NASDAQ: META) shares trade 24% below their peak, pressured by rising AI infrastructure spending. The company reports second-quarter results on July 29, with 71 analysts projecting a median target of $815, a 36% increase from the current $598 price.
Meta’s 2026 capital expenditure forecast now stands at $135 billion, up from $125 billion, nearly doubling its $72 billion 2025 spending. First-quarter ad impressions rose 19%, reflecting early returns on AI investments. The company monetizes AI through targeted advertising across Facebook, Instagram, and WhatsApp.
Wall Street views the pullback as a buying opportunity, though investors await Q2 details on spending and AI-driven revenue growth.