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Benzinga
Benzinga
Business
Anusuya Lahiri

Meta Preps Major Metaverse Cuts, Analysts Predict Earnings Pop

Meta Zuckerberg metaverse Justin Post Doug Anmuth Meta Reality Labs Quest Wall Street Bank of America Securities Virtual reality
Meta Platforms Inc.

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.

  • JPMorgan analyst Doug Anmuth maintained an Overweight rating on Meta with a price forecast of $800.
  • Bank of America Securities analyst Justin Post reiterated a Buy rating on Meta with a price forecast of $810.
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