On behalf of Meta Platforms, Inc. (NASDAQ: dead) stock After spending more than $160 billion over the past 24 hours, more than a dozen Wall Street analysts set their 12-month price targets on July 30.
On Thursday, Mizuho analyst Lloyd Walmsley reiterated an “outperform” rating on META stock. Walmsley cut the company’s 12-month price target to $750 from $835, representing a decline of 10.18%. with Meta stocks It is trading at $533.27 at press time, indicating a potential upside of 40.64%.
“We remain buyers of the dip and expect a compute monetization product in the near term. While Meta did not outline definitive plans for a compute sale today, management indicated it will have ‘more to get involved’ in AI monetization soon,” male.
Walmsley expects Meta to expand artificial intelligence (AI) monetization through products such as compute, coding tools, API access and business AI, highlighting the continued strength in its advertising business. He noted that advertising revenue growth excluding FX accelerated by 60 basis points year over year, with the high end of revenue guidance indicating nearly 4 percentage points of sequential acceleration in the third quarter.
The analyst also said the increase in FY2026 cost guidance only reflects a statutory penalty, while the unchanged maximum capital spending guidance leaves FY2027 forecasts largely unchanged.
With all Wall Street analysts citing bullish sentiment for Meta stock, 42 analysts Surveyed by TipTanks They issued an average 12-month price target of $764.92, suggesting an upside potential of 43.18%.
Other experts who reiterated a buy rating on this company today included Ken Jawrelski, an analyst from Wells Fargo & Co. (NYSE: WFC), Jeffrey Wlodarczak of Pivotal Research, and Brad Erickson, researcher at RBC Capital.
Price forecast
META’s stock price is down more than 11% over the past five days, trading at around $533.27 at reporting time. The stock fell after Meta’s latest quarterly earnings report revealed that ballooning AI infrastructure costs squeezed profit margins and reduced free cash flow, thus beating Wall Street expectations, as did Finbold. He explained.
However, Wall Street analysts remain bullish on the company’s shares amid expectations of revenue growth fueled by AI monetization.
