Analysts Lower Meta Platforms (META) Price Target Amid Rising AI Infrastructure Costs
Analysts from KeyBanc and Wells Fargo have lowered their price targets for Meta Platforms (META) due to rising costs from its expanding AI infrastructure, despite its partnership with Nvidia. While the price targets were reduced, both analysts maintained positive outlooks on the company's long-term prospects in AI. The adjustments come as Meta continues heavy investment in its AI models and data centers.
Topics: AI Infrastructure Analyst Ratings Meta Platforms Nvidia Partnership Price Targets