The Meta Analysts:

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The Meta Takeaways

Bank of America: BofA Securities labeled Meta an "AI Story" and pointed to the rapid and growing adoption of Llama and Meta AI. The firm also raised ad revenue estimates on product traction and anticipates Meta’s Al-driven ad improvements to play out in 2025. 

Rosenblatt: Rosenblatt pointed to Meta's pivot from "a year of efficiency in 2023, to a year of ROI on bigger spending in 2025," but noted that early evidence suggests the return on investment could be high. The firm said Meta's AI investments drove the 20% revenue growth and, if sustained, could continue to support growth in spite of increasing capital investment. 

Goldman Sachs: Goldman Sachs analysts highlighted Meta's advertising performance in the quarter and revenue guidance suggesting growth into the fourth quarter. The research firm echoed sentiments of AI usage driving user growth, but expressed concerns about additional Reality Labs operating losses. 

"Why buy META now, when management is saying that they are in a two to three year investment cycle," the analyst wrote. 

Price Action: According to Benzinga Pro, Meta Platforms shares are down 3.38% at $571.66 at the time of publication Thursday.

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