Evercore ISI Reduces PT on Meta Platforms (META) Stock

Meta Platforms, Inc. (NASDAQ:META) is one of the Best Monopoly Stocks to Buy Now. On October 30, Evercore ISI reduced the price target on the company’s stock to $875 from $930 while keeping an “Outperform” rating, as reported by The Fly.  As per the analyst, Meta Platforms, Inc. (NASDAQ:META)’s stock was impacted by the higher investment spending plans for 2026.

The company has been leveraging a healthy position in the broader online ad market and AI advancements, resulting in a compelling investment proposition. That being said, the analyst believes that increased 2026 spending plans warrant close attention.

In Q3 2025, the company saw revenues of $51.24 billion, reflecting a rise of 26% YoY, with average price per ad rising by 10% YoY. Meta Platforms, Inc. (NASDAQ:META) expects 2025 capital expenditures, including principal payments on finance leases, of between $70 billion – $72 billion, an increase from its previous outlook of between $66 billion – $72 billion.

Meta Platforms, Inc. (NASDAQ:META) anticipates Q4 2025 total revenue of between $56 billion – $59 billion. The company’s outlook demonstrates an expectation for strong ad revenue growth, partially mitigated by the reduced YoY Reality Labs revenue in Q4 2025.

Rowan Street Capital, an investment management company, recently released its Q3 2025 investor letter. Here is what the fund said:

“Meta Platforms, Inc. (NASDAQ:META) has been our largest holding for several years and remains one of the best examples of what long-term ownership in an exceptional business ca deliver. Since our initial purchase more than seven years ago, Meta has compounded over 21% annually — a testament to its enduring competitive advantages, operation excellence, and the compounding power of time. We’ll keep our commentary brief here, as we’ve discussed Meta extensively in prior letters — its journey illustrates the benefits of patience, conviction, and alignment with a world-class founder-operator.”

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.