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The Earnings360 Team
Additional Reading from MarketBeat After 16% Fall, Analysts Eye a Big Recovery in Meta PlatformsWritten by Leo Miller. Published 11/6/2025. 
Key Points - Meta Platforms took a significant hit after its latest earnings report, with shares down over 16% since then.
- However, Wall Street price targets fell much less, indicating a potential opportunity in Meta's shares.
- See why the company's AI capital expenditure plans spooked markets—and spoiler alert—this isn't the first time this has happened.
Meta Platforms (NASDAQ: META) just experienced its biggest post-earnings drop in three years. Shares fell more than 11% on Oct. 30 after the company's Q3 2025 earnings and commentary, marking the largest post-earnings decline for the Magnificent Seven stock since Q3 2022. After picking Nvidia in 2016, before it jumped 27,000%...
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Click here to get the name of this company, completely free of charge... Click here for the details. Yet Wall Street's response painted a surprisingly different picture. Analyst sentiment remained relatively steady despite the sell-off, suggesting a possible disconnect between short-term market reactions and longer-term valuations. Below, we break down recent analyst forecast changes and what's driving both the concern and the optimism. Wall Street Analysts Show Confidence in META After Q3 Plunge Despite the dramatic sell-off, many Wall Street analysts largely held to their forecasts. MarketBeat's price-target data show 20 analysts updated their estimates, and the average price target declined by only about 5%. That's considerably less than the intraday drop Meta experienced following the report. The divergence widened in the days after the release. Since the earnings report, Meta shares were down more than 16% as of the Nov. 4 close. In short, the market reacted more negatively than most analysts, which could signal a buying opportunity. As of Nov. 5, the MarketBeat consensus price target for Meta was nearly $827, implying roughly 29% upside. Analysts who issued or updated targets after Q3 were even more bullish: their average target was about $857, implying roughly 37% upside. Even the lowest updated target — $770 from Wells Fargo & Company — implies roughly 23% upside. Rosenblatt Securities was among the few firms that raised its target; its $1,117 forecast tracked by MarketBeat is the most bullish and implies potential gains of about 78%. Overall, analysts appear confident that Meta shares can stage a significant recovery. Meta's AI Spending Spree Could Weigh Mightily on FCF in 2026 Meta's spending outlook was a key reason for the post-earnings sell-off. The company projects capital expenditures (CAPEX) of $71 billion in 2025, up from $39 billion in 2024, and warned CAPEX growth would be "notably larger" in 2026. If that guidance holds, 2026 CAPEX could exceed $103 billion. Projections for 2026 show cash from operations of about $127 billion. If CAPEX reaches $103 billion, free cash flow (FCF) would be around $24 billion — more than 40% below the $42.5 billion in FCF Meta generated over the last 12 months. Put simply, Meta is signaling a major ramp-up in AI investment that could pressure FCF next year. It's understandable that investors are concerned: the company appears willing to sacrifice near-term cash generation to position itself for long-term, AI-driven growth. Despite Fears, Meta Has Shown AI Investing Prowess in the Past It's worth recalling Meta's position after Q3 2022. Shares plunged more than 24% to about $97 amid pressure on its advertising business and a heavy focus by management on the metaverse. At the same time, the company was investing in AI to improve ad targeting and delivery. Analysts downgraded the stock and cited those AI investments as part of their rationale for caution. Meta shares then went on an impressive run. As of the Nov. 4 close, Meta traded near $627 — more than 380% above that $97 low. Early AI investments helped its ad products reach an annual revenue run rate exceeding $60 billion, an important driver of the stock's gains. That history doesn't guarantee similar returns over the next few years, but it does show Meta has previously proven doubters wrong when it doubled down on AI.
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