"Wells Fargo's revised target reflects a more cautious macro backdrop, but the firm's revenue outlook stays constructive. The Overweight rating signals the firm views the current pullback as an entry opportunity rather than a structural breakdown in the thesis."
"Meta reported a strong finish to fiscal 2025, with Q4 EPS at $8.88 against an $8.22 estimate, and revenue of $59.89 billion beating the $58.48 billion consensus."
"Management guided for full-year capital expenditures of $115 to $135 billion, a dramatic step up from prior levels, directed largely at AI infrastructure through Meta Superintelligence Labs."
"The investment story for 2026 centers on a massive capital commitment, with expectations that 2026 operating income will exceed 2025 levels despite the spending ramp."
Wells Fargo reduced its price target for Meta Platforms to $765 from $856 while keeping an Overweight rating. This adjustment reflects macroeconomic uncertainties, yet the firm's revenue outlook remains positive. Meta's Q4 2025 results exceeded estimates, with EPS at $8.88 and revenue at $59.89 billion. The company anticipates significant capital expenditures for AI infrastructure in 2026, expecting operating income to surpass 2025 levels despite increased spending. Meta's stock has declined 12% year-to-date, trading below key moving averages.
Read at 24/7 Wall St.
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