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News 2026-10-16 15:59 UTC

BofA Expects Meta Revenue to Top Consensus on AI-Driven Ad Growth

Bank of America analyst Justin Post reiterated a Buy rating and $810 price target, forecasting Meta third-quarter revenue of $63.8 billion versus a $63.3 billion consensus. He also raised his 2027 capital expenditure forecast to $205 billion from $192 billion, while estimating a $10 billion one-time legal accrual will