Bank of America expects Meta to beat third-quarter revenue forecasts, projecting $63.8 billion versus a $63.3 billion consensus, as AI supports advertising. The bank maintains a Buy rating and $810 price target, but expects third-quarter EPS of $3.79, below the $6.08 consensus, due to a one-off $10 billion legal settlement charge linked to state attorneys general. For the fourth quarter, it forecasts revenue of $74.1 billion and EPS of $8.74, above consensus of $73.6 billion and $8.18. It expects Meta's fourth-quarter guidance to range from $71.5 billion to $74.5 billion, implying 19% to 24% annual growth versus 25% in the third quarter. Capex for 2026 is expected to narrow to $140 billion to $145 billion, with 2027 capex estimated at $205 billion.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/15/2026 | 736.72 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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