Meta is scheduled to report third-quarter results after the close on October 21, with shares closing at $709.33. The article's model sets a 12-month target of $913.41, arguing that ad revenue growth near 30% a year outweighs the margin pressure from AI spending. Second-quarter revenue rose 27.96% to $60.80 billion, but EPS of $6.18 missed the $7.22 consensus, ending a six-quarter streak of beats. Management guided third-quarter revenue to $61 to $64 billion and plans 2026 capital expenditures of $130 to $145 billion, while second-quarter free cash flow fell to $784 million. The bull case is $1,046.27 and the bear case is $779.62.
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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 10/20/2026 | 694.44 |
| Change that session | -1.56% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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