Pivotal Research Remains Bullish on Meta Platforms (META) But Cuts PT
Key takeaways
- Pivotal Research Remains Bullish on Meta Platforms (META) But Cuts PT Noor Ul Ain Rehman Thu, May 7, 2026 at 11:41 PM GMT+7 2 min read META Meta Platforms, Inc.
- In its fiscal Q1 2026 operational and other financial results reported on April 29, Meta Platforms, Inc.
- (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities.
Pivotal Research Remains Bullish on Meta Platforms (META) But Cuts PT Noor Ul Ain Rehman Thu, May 7, 2026 at 11:41 PM GMT+7 2 min read META Meta Platforms, Inc. (NASDAQ:META) is one of the best strong buy stocks to invest in according to billionaires. Pivotal Research cut the price target on Meta Platforms, Inc. (NASDAQ:META) to $790 from $910 on April 30, reaffirming a Buy rating on the shares. The firm told investors in a research note that the company reported solid fiscal Q1 results, but its spending rose again. It believes that the return on invested capital for the company’s “massive AI spend appears to be far more uncertain” relative to Google and Amazon, and added that the fact that Meta Platforms, Inc. (NASDAQ:META) spent $100B on the failed Metaverse project does not help.
In its fiscal Q1 2026 operational and other financial results reported on April 29, Meta Platforms, Inc. (NASDAQ:META) reported that Family’s daily active people were 3.56 billion on average for March 2026, reflecting an increase of 4% year-over-year. Revenue was $56.31 billion, up 33% year-over-year, while revenue on a constant currency basis would have increased by 29% year-over-year.
Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables.