A Wells Fargo analyst, regarded as the biggest bull on Meta on Wall Street, forecasts that the company’s stock can reach $1,000 by 2028. However, he anticipates a short-term negative impact on earnings due to massive investments in AI infrastructure and legal costs. According to him, these near-term headwinds will pave the way for substantial gains going forward. The bank warns of a profit slowdown in the short term while maintaining a highly bullish outlook for the medium term.
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