Erste Group Downgrades Meta Platforms Inc. (META) to Hold
Erste Group analyst Hans Engel downgraded Meta Platforms Inc. (NASDAQ: META) from Buy to Hold.
The analyst comments "For 2026, the company anticipates a significant acceleration in spending to support its AI ambitions. Growth in capital expenditure is expected to be significantly higher in 2026 than in 2025, mainly driven by the need for infrastructure capacity, including compute and cloud costs. The Group expects strong revenue growth in 1Q and expects total revenue to be between USD 53.5 and 56.5 billion. Free cash flow will fall massively this year due to the very high investments and will remain well below average in the coming year."
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Shares of Meta Platforms Inc. closed at $579.23 yesterday.