Meta Platforms (META) dips as investors worry over AI spending and margins. Read the latest analysis on the stock here.

AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost of record CapEx spending.

Meta reported its Q3 earnings on October 29. During the earnings call, Meta CEO Mark Zuckerberg said: "More than a billion monthly actives already use Meta AI, and we see usage increase as we improve our underlying models.

Despite rising expenses and CAPEX, META's valuation is now attractive, with a 5-year CAGR return estimate of ~16%. Technical and fundamental analysis support a bullish outlook for META, with a target range of $850-1075 per share, Vashi said.

Meta stock crashes 11% after disappointing Q3 earnings report. Shares fell to $667.48. Investors are rattled. A $15.9 billion tax hit crushed profits. EPS dropped to $1.05 versus $6.70 expected. Revenue still jumped 26% to $51.

Meta Platforms generated $51.2 billion in revenue for in Q3, up 26% year over year and about 8% above the $47.5 billion it posted in the second quarter. Growth was helped by a 14% rise in ad impressions and a 10% increase in ad pricing.

Shares of Meta Platforms, Inc. (NASDAQ: META) saw a 7.67% drop during the pre-market trading session on Thursday after the company reported a a one-time, non-cash income tax charge in its third-quarter earnings report.

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