00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platforms heads into its second quarter earnings report as investors focus on rising
00:07AI spending and the pace of monetization, according to Benzinga. Wall Street expects
00:12earnings of $7.18 per share on revenue of $60.22 billion. Wedbush maintained a neutral rating and
00:21$671 price target on Meta, well below the 825 out of 49 consensus target among 38 analysts.
00:28The firm estimates Meta's 2026 capital spending at $138 billion, nearly double last year,
00:34and projects $173 billion in 2027. Wedbush expects continued strength in Meta's advertising business
00:42from AI-driven product improvements and a solid economic environment. However, newer initiatives,
00:48including business AI, subscription tiers, cloud services, and custom chips remain early stage.
00:54Shares were down by 1.43% at $618.23 in Thursday's pre-market trading,
01:01according to Benzinga ProData.
01:03For all things money, visit Benzinga.com.
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