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Meta Platforms' Rising AI Capex Offers an Opportunity Amid Rising Global Entrepreneurialism, RBC Says

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Meta Platforms (META) stock overhang stems primarily from investor concerns around its rising artificial intelligence capex, but this could present an opportunity amid rising AI-enabled entrepreneurialism worldwide, RBC Capital Markets said in a research report emailed Monday.

The company has an opportunity to natively identify nascent markets, which could support its transition from a passive ad network into an automated incubator, analysts wrote.

Deepening advertiser penetration at a fraction of current spend alongside product portfolio expansion with existing advertisers as compute ramps could create optionality around engagement, according to the note.

The brokerage said it reiterated its outperform rating on the stock and price target of $810 per share.

Price: $613.16, Change: $-19.35, Percent Change: -3.06%

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Market Chatter: Barrick Mining Mulls London Listing for African Business

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