Overview
- Meta shares are down roughly 16%–18% since Oct. 29 after a $15.9 billion one-time tax charge and higher AI capex plans rattled investors.
- Q3 revenue rose 26% to $51.2 billion and adjusted EPS topped estimates, while Reality Labs posted a $4.4 billion operating loss.
- Guidance now calls for at least $70 billion in 2025 capital spending to build AI and infrastructure, up from a prior $66 billion floor.
- A Seeking Alpha author upgraded the stock to Strong Buy with a 12‑month target of $850, citing a forward P/E near 24 and robust growth and margins.
- Forbes reports Meta aims to sell at least $25 billion of investment‑grade bonds to help fund AI infrastructure, and technical analysis flags support around $600–$663.