Cantor Fitzgerald Lowers PT on Meta Platforms (META), Keeps a Buy Rating

​Meta Platforms, Inc. (NASDAQ:META) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Deepak Mathivanan from Cantor Fitzgerald lowered the firm’s price target on Meta Platforms, Inc. (NASDAQ:META) from $830 to $720, but maintained an Overweight rating. Earlier on November 18, Laura Martin from Needham had maintained a Hold rating on the stock with no price targets.

​The analyst at Cantor Fitzgerald noted that the company expects higher operating expenses for fiscal 2026, due to infrastructural costs, cloud computing, depreciation, and the cost of recently hired AI talent. In addition, Meta Platforms, Inc. (NASDAQ:META) has signed agreements worth more than $40 billion with cloud vendors. The analyst expects these agreements to add around $4 billion in incremental costs for the company.

​A recent example of the company’s investment deals is its plan to invest $600 billion in the US over the next 3 years. The investment would be used to expand the AI and data center infrastructure and would also help create more jobs in the country.

​​Meta Platforms, Inc. (NASDAQ:META) is a tech company that connects people through social media and immersive experiences.

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.