Redburn Raises Price Target on Meta, Says AI Cost Fears Mask Long-Term Upside
Redburn Atlantic upgraded Meta Platforms to Buy and lifted its target to $900 from $740, arguing that market anxiety about rising artificial intelligence spending has obscured the company's longer-term earnings potential. The firm raised its FY26 cost and capex estimates, cautioned on near-term EPS headwinds, but highlighted durable advertising str…