An Analyst Just Named Mark Zuckerberg's Meta a Top Large-Cap Long Idea, Citing AI-Driven Ad Momentum and an Attractive Valuation

Evercore analyst Mark Mahaney named Meta a top large-cap long idea, citing AI-driven advertising momentum and attractive valuation at 17x forward earnings. However, Meta's stock dropped 10% after an underwhelming earnings report, with concerns about massive AI spending ($130-145B capex guidance), delayed AI model rollouts, and EPS declining 13% year-over-year despite 28% revenue growth. Wall Street remains bullish with a median price target of $800.