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Cantor Fitzgerald Reiterates Overweight Rating on Meta Platforms Inc. (META)

October 16, 2024 6:48 AM EDT

Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating and $670.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Last week, press articles reported OpenAIs (private) internal projections that indicated a 4x increase in total compute costs over the next two years to ~$24B in FY26E ($15B in training + $9B on inference). Given that... More