META — Meta Platforms, Inc. - Class A Common Stock
Session close: $648.85. Regular-session share volume: 35,392,649. Change from previous close: -6.98%.
Key developments
Reporting attributed Meta’s session sell-off to AI funding concerns after the company raised its capital spending forecast floor the prior day. Free cash flow turned negative, debt-protection costs reached a record, and management indicated an equity raise may be necessary. Analysts also questioned Muse’s profitability path and rising costs, although Meta retained a substantial cash cushion.
Meta Analysts Revise Price Target After Q3 Core Ad Strength, Muse Concerns Remain · Meta Bulls Beware: Bond Market Sends Its Loudest Warning on Zuckerberg's Borrowing Binge · Meta Tumbles 6% on AI Spending Fears, 10-Year Yield Falls Below 5%: Stock Market Today
Core advertising remained strong: revenue exceeded expectations, upcoming-quarter guidance topped consensus, and Facebook and Instagram engagement reached records. Analysts credited AI with improving engagement and advertising performance; several raised price targets despite spending concerns.
Meta Analysts Revise Price Target After Q3 Core Ad Strength, Muse Concerns Remain
The available intraday reports place Meta’s decline within a broader technology retreat as AI financing worries spread and oil rose on renewed Iran tensions. They do not establish the session’s closing outcome.
Meta Tumbles 6% on AI Spending Fears, 10-Year Yield Falls Below 5%: Stock Market Today
News sources
Company news UBS Maintains Buy on Meta Platforms, Raises Price Target to $892 · Company news Citigroup Maintains Buy on Meta Platforms, Raises Price Target to $905 · Company news DA Davidson Maintains Buy on Meta Platforms, Raises Price Target to $800 · Company news BMO Capital Maintains Market Perform on Meta Platforms, Raises Price Target to $685 · Company news Evercore ISI Group Maintains Outperform on Meta Platforms, Raises Price Target to $870