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[Goldman Sachs raises Meta target price to US$860 and expects capital expenditures next year to exceed US$220 billion] October 15th, Goldman Sachs raised the Meta target price from US$725 to US$860 on October 14, maintaining a "buy" rating. The bank predicts that Meta's third-quarter revenue will increase by 24.3% year-on-year, with revenue reaching US$312.623 billion in 2027. Capital expenditures in 2027 are expected to reach US$220.215 billion, a year-on-year increase of 54.1% and 13.1% higher than the market consensus. Goldman Sachs believes that AI will continue to drive Meta’s advertising revenue growth, but the huge investment will also bring cost pressure.
U.S. stock trends 🕐 2026-10-15 19:33
#Meta #U.S. stock trends
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