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CMBI Maintains Buy on Meta Platforms, Inc. (META.US), Raises Revenue Forecast
CMBI issued a research report stating that Meta Platforms, Inc. (META.US) reported first-quarter revenue of USD55 billion, up 33% YoY and broadly in line with market expectations. ...
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CMBI Maintains Buy on Meta Platforms, Inc. (META.US), Raises Revenue Forecast
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CMBI issued a research report stating that Meta Platforms, Inc. (META.US)      reported first-quarter revenue of USD55 billion, up 33% YoY and broadly in line with market expectations. Operating profit rose 30% YoY to USD22.9 billion, exceeding market estimates by 18%, mainly driven by strong operating leverage. Management guided second-quarter revenue growth of 22% to 28% YoY to between USD58 billion and USD61 billion, in line with market expectations.

Management maintained its 2026 total expense guidance unchanged, but raised capital expenditure guidance from USD115 billionUSD135 billion to USD125 billionUSD145 billion, mainly reflecting higher component costs and additional data center investments, which triggered some investor concerns over return on capital and the impact on earnings.

Related NewsCore Inflation Rate MoM for Apr in United States is 0.4%, higher than the previous value of 0.2%. The forecast was 0.3%.
CMBI maintained its Buy rating on Meta with an unchanged TP of USD880, based on a forecast 29x FY2026 price-to-earnings ratio. In light of strong AI-driven advertising revenue growth, the broker raised its FY2026FY2028 total revenue forecasts by 3% to 6% and expects continued AI investment to drive growth in the companys core business.(ec/j)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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