Meta Platforms Set to Report Q3 Earnings Amid AI-Driven Growth
Meta Platforms (META) prepares to unveil its third-quarter results after market close on October 29, with Wall Street anticipating an 11.4% rise in EPS to $6.72 and a 22% revenue surge to $49.49 billion. The stock has climbed 28% year-to-date, fueled by robust ad revenue growth and strategic AI investments.
Analysts remain bullish, with Truist's Youssef Squali raising his price target to $900, citing solid user engagement and improved monetization from AI-enhanced ranking algorithms. Investors will scrutinize margin outlooks as Meta continues heavy AI spending.