00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platform shares climbed nearly 7% Monday as investors returned to mega cap technology
00:07stocks following last week's post-earning sell-off, according to Benzinga. Meta previously
00:11reported mixed second quarter results with adjusted earnings of $6.18 per share,
00:16missing estimates while revenue of $60.8 billion topped expectations.
00:20The company forecast third quarter revenue of $61 billion to $64 billion and raised the low
00:26end of its 2026 capital expenditure guidance to $130 billion as it continues investing in AI
00:33infrastructure. The stock remains below several key moving averages. Meta maintains a consensus
00:38buy rating and a $767.42 average price target, although UBS, Baird, and Goldman Sachs lowered
00:45their forecasts after second quarter results while remaining bullish. For all things money,
00:49visit Benzinga.com.
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