Erste Group Upgrades Meta to Buy

Erste Group analyst Hans Engel upgraded Meta Platforms Inc. (NASDAQ: META) from Hold to Buy.

“to support its AI ambitions.

Meta forecast investments of between USD 125 and 145 bn for the full year 2026, representing an increase of approximately +7.4% compared to the range previously forecast by the company.

The company expects strong revenue growth in Q2 and anticipates that total revenue will be between USD 58 and 61.0 billion.

Revenue growth and the operating margin are higher than those of competitors, while the P/E ratio is slightly below the sector average.”

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