Truist Reiterates “Buy” Rating On Meta Platforms (META) With $840 PT
Key takeaways
- Truist Reiterates “Buy” Rating On Meta Platforms (META) With $840 PT Faheem Tahir Sun, June 14, 2026 at 12:59 AM GMT+7 2 min read META GOOG MSFT AMZN Meta Platforms, Inc.
- That profitability is supported by a business that continues to grow at a rapid pace.
- The results came with one notable caveat: shares fell 10% after management raised 2026 capital expenditure guidance to between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion.
Truist Reiterates “Buy” Rating On Meta Platforms (META) With $840 PT Faheem Tahir Sun, June 14, 2026 at 12:59 AM GMT+7 2 min read META GOOG MSFT AMZN Meta Platforms, Inc. (NASDAQ:META) carries a profit margin of 39.36% and net income of $60.46 billion (FY25), securing its place on our list of the most profitable blue chip stocks to buy according to hedge funds, with analysts seeing 41.10% upside for the stock.
That profitability is supported by a business that continues to grow at a rapid pace. In late April, Meta Platforms, Inc. (NASDAQ:META) reported first-quarter revenue of $56.3 billion, up 33% year-over-year and ahead of analyst estimates of $55.5 billion. The growth rate outpaced Alphabet’s and was nearly twice as fast as Microsoft’s and Amazon’s.
The results came with one notable caveat: shares fell 10% after management raised 2026 capital expenditure guidance to between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion.