Meta Platforms Inc. (NASDAQ:META) heads into its second-quarter earnings report next week under pressure, with shares slipping Wednesday as investors weighed persistent concerns over the company’s heavy AI spending despite Wall Street expecting another quarter of strong growth.
Wedbush Securities analysts Ygal Arounian and Chase Tohanczyn maintained a Neutral rating and a 12-month price forecast of $671 on the stock.
Meta has a consensus price forecast of $825.49 among 38 analysts. Wall Street expects the company to report quarterly earnings of $7.18 per share on revenue of $60.22 billion.
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