5 Companies That Partnered With Nvidia in 2026

2. Meta Platforms, Inc. (NASDAQ:META)

Justin Patterson from KeyBanc reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) while cutting the firm’s price target on the shares on April 9. He reduced the firm’s price target on the stock from $855 to $760 due to rising costs linked to the company’s expanding AI infrastructure. Despite cutting the price target, he still sees an additional 24% upside from the current levels. The price target revision came after Meta Platforms, Inc. (NASDAQ:META) launched its Muse Spark model ahead of its earnings while continuing heavy investment in its Llama 4 ecosystem.

The report highlights that the company is building large-scale data centers and using advanced AI chips to stay competitive. It is putting pressure on short-term profits. Nevertheless, Justin Patterson believes this spending is necessary and supports the company’s long-term position in AI.

Earlier, on April 2, Wells Fargo analyst Ken Gawrelski also lowered the firm’s price target on Meta Platforms, Inc. (NASDAQ:META) from $856 to $765. He also maintained an Overweight rating on the stock ahead of the company’s upcoming quarterly results. Wells Fargo expects revenue to remain strong, with its first-quarter estimate coming in above consensus. Second-quarter guidance is likely to fall within the expected range, assuming there is no further deterioration in macroeconomic conditions. While the firm sees the overall risk/reward as attractive at current levels, it also noted that investors may need to be patient in the short term.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses. Some of its well-known apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs (RL) and Family of Apps (FoA) segments.