TD Cowen analyst John Blackledge lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $810.00 (from $875.00) while maintaining a Buy rating.

The analyst commented: "Strong 3Q Results Overshadowed By Ramping AI Infrastructure Spend; META 3Q rev & Op Inc. were +4% & +5% vs cons ests on strong pricing & volume growth. 4Q rev guide was 3% above cons est (high end) amid AI-driven gains to engagement & monetization engines. Mgmt. raised '25 capex & opex guides, and now expects accel'ing '26 opex growth & higher y/y dollar capex growth amid ramping compute. We raised opex & capex outlook; PT to $810, maintain Buy, shares (6%) AH."