Meta’s Q3 Earnings Report Poised to Shape Investor Sentiment
Meta Platforms faces a pivotal moment as it prepares to release third-quarter earnings after Wednesday's market close. Analysts anticipate record revenue of $49.54 billion, fueled by robust advertising performance. The consensus EPS estimate of $6.71 reflects year-over-year growth, though it marks a sequential decline.
The company's aggressive AI investments have drawn Wall Street's attention, with capital expenditure projections revised upward twice this year. This spending surge has raised the stakes for demonstrating tangible returns, particularly in ad targeting enhancements and user engagement metrics.
Analyst sentiment remains overwhelmingly positive, with 40 Buy ratings outweighing 6 Hold recommendations. Price targets have climbed accordingly, with Truist and Stifel both maintaining $900 targets based on anticipated AI-driven improvements.
