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Live Coverage Has Ended

Bullish on Meta

Live Blog Update #3 Published

← Back to Full Coverage: Live Nasdaq Composite: Markets Hunt Direction as Meta Captures Spotlight

Expanding on the Meta theme, Mizuho analysts reemphasized their “outperform” rating and $815 price target on the stock, arguing the shares could see a powerful rally from here. The analysts say Meta’s plan to cut up to 30% of its Metaverse spend could add roughly $2/share to 2026 EPS estimates and shore up confidence in the company’s generative AI investments, with a bull-case scenario that stretches as high as $1,245 per share for the stock. Meta shares are holding onto gains, up 4% at last check.

All Updates from Live Coverage

Tech/Aerospace Tie Up

| Gerelyn Terzo
Live

A new technology/defense partnership is unfolding. Raytheon Technologies has struck a strategic partnership with Amazon’s (Nasdaq: AMZN) AWS to strengthen its space capabilities for government and private sector customers. The markets aren’t impressed, and AMZN shares are falling 2% today.

Wall Street Analyst Calls

| Gerelyn Terzo
Live

KeyBanc analysts remain bullish on Apple (Nasdaq: AAPL) stock with a “sector weight” rating, predicting stronger than anticipated iPhone 17 sales.

Citi analysts reemphasized their “buy” rating on Broadcom (Nasdaq: AVGO) stock. The company is expected to report earnings in the coming days, and Citi believes results will come in better than expected.

Goldman Sachs has reiterated its “buy” rating on Salesforce stock, helping to buoy sentiment in CRM shares today.

 

 

View Full Live Blog (3 Updates)
By Gerelyn Terzo Published
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