Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating and $930.00 price target on Meta Platforms Inc. (NASDAQ: META)

The analyst comments: "Meta reported nicely better than expected 3Q results/4Q guidance as the company continued to point to AI having a material benefit to engagement/ad impressions/price per ad, offset modestly by narrowed '25 capex guidance (from $66-$72B to $70-$72B) and Zuck has decided to aggressively front load building out capacity/hiring for AI to prepare for 'optimistic timelines' (e.g. super intelligence in 3-7 years) which includes 'notably higher capex' in '26 and 'significantly faster % growth rate in '26 opex. Basically, Zuck sees massive opportunities in AI and would rather take the risk of overinvestment than miss a once in a lifetime opportunity but feels if AGI takes longer than expected they can always pull back and use the capacity/talent internally to improve ops/product."

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Shares of Meta Platforms Inc. closed at $751.67 yesterday.