Truist Reduces PT on Meta Platforms (META) Stock

Meta Platforms, Inc. (NASDAQ:META) is one of the Most Promising AI Stocks to Invest In. On April 30, Truist reduced its price objective on the company’s stock to $840 from $900, while keeping a “Buy” rating on the shares. The analyst believes that Meta Platforms, Inc. (NASDAQ:META) posted stronger-than-expected results for Q1 2026 and gave in-line guidance for Q2 2026. This reflects strong ad demand thanks to the AI improvements throughout ad recommendations, monetization, and user engagement.

Truist Reduces PT on Meta Platforms (META) Stock

Meta Platforms, Inc. (NASDAQ:META) has been growing at more than double the rate of the broader advertising market amidst strong demand throughout geographies, verticals, and customer sizes. This offers a favourable setup for FY 2026. Meta Platforms, Inc. (NASDAQ:META) stated that its ad impressions delivered across the Family of Apps rose 19% YoY, with average price per ad rising 12% YoY.

Meta Platforms, Inc. (NASDAQ:META) expects FY 2026 capital expenditures, including principal payments on finance leases, of between $125 billion – $145 billion, an increase from the previous range of $115 billion – $135 billion.

Meta Platforms, Inc. (NASDAQ:META) is a U.S. technology company focused on social media, digital advertising, and virtual reality.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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