Meta Targets $762–$1,000, Plans $100–$200B AI Spend, Unveils Muse Models
META sits 40% above its 52-week low of $520.26.
Summary
Meta's Q2 revenue of $60.8B and 28% growth were already reported in July, but this update adds fresh forward-looking details. Analysts now see a $762–$1,000 price target range, and CEO Mark Zuckerberg outlined $100–$200B in planned investments for AI clusters like Prometheus and Hyperion. The company also unveiled two new AI models, Muse Wonder and Muse Wonder Full, and confirmed Q3 earnings for October 21 after the close. Guggenheim raised its 2027 capex forecast to $225B from $203B, signaling a higher multi-year spending trajectory. The mix of aggressive AI investment and new product launches keeps the stock in focus ahead of the Q3 report.
At the time of this announcement, META was trading at $730.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.