Meta Platforms (META) fell 11% over the week to Tuesday's close after its Q3 report showed negative free cash flow, with capex of $34.9 billion exceeding operating cash flow of $32.8 billion despite revenue growth of 26% to $64.6 billion. Meta then planned to sell up to $97.5 billion of new stock to fund AI investment, including a $25 billion common offering priced at $625 a share, with Nvidia investing $3 billion and AMD $1 billion in the first phase. Canaccord Genuity reiterated its Buy rating and $950 target, about 53% above the $620.19 close, while Meta trades at about 19x forward earnings, below its 21x five-year average. The $950 target equals about 27x analysts' 2027 earnings estimates, and Meta's late-January results should reveal its 2027 budget, with consensus capex at $203 billion.
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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 | $1.7T |
| Close on 10/27/2026 | 620.19 |
| Change that session | -1.64% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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