Meta Platforms (META) News Today

Meta Platforms, Inc. (NASDAQ:META) shares have been buoyed by strong earnings, renewed analyst optimism and strategic moves to fund its AI push, even as hefty investments and insider sales temper the outlook. Key developments include earnings upgrades, price‐target increases and initiatives to manage AI spending.

• Positive Sentiment: Meta was upgraded to a Zacks Rank #1 (Strong Buy) on growing optimism about its earnings prospects. Meta Platforms (META) Upgraded to Strong Buy
• Positive Sentiment: Added to Zacks’ Best Momentum Stocks list for August, reflecting strong price momentum. Best Momentum Stocks to Buy for August 1st
• Positive Sentiment: Barclays raised its price target on META to $810 and assigned an “overweight” rating. Price Target Raised to $810.00 at Barclays
• Positive Sentiment: Piper Sandler boosted its target to $880 with an “overweight” rating, highlighting solid fundamentals. Piper Sandler Issues Positive Forecast
• Positive Sentiment: Meta’s Q2 beat prompted DA Davidson to lift its Q3 EPS forecast and reaffirm a “Buy” rating with a $825 target. Brokers Issue Forecasts for Meta Platforms Q3 Earnings
• Neutral Sentiment: Meta plans to offload $2 billion of data-center assets to share AI infrastructure costs with partners. Meta to Share AI Infrastructure Costs via $2 Billion Asset Sale
• Neutral Sentiment: Meta paid $250 million to recruit a 24-year-old AI specialist, underscoring its aggressive talent spending. Meta Pays $250M to Lure AI Whiz Kid
• Negative Sentiment: An insider sold $373,600 of stock, reflecting ongoing executive profit-taking. Insider Sells $373,607.34 in Stock
• Negative Sentiment: Cathie Wood’s ARK Investment trimmed its META stake, hinting at selective profit‐taking. ARK Investment Management LLC Reduces Stake in Meta