Meta Platforms is facing fresh skepticism on Wall Street after a major downgrade flagged concerns over the company's ability to generate meaningful returns from its escalating artificial intelligence investments.
JPMorgan cut its rating on the stock to neutral from overweight and lowered its price target to $725 from $825, signaling limited upside ahead. The move came shortly after the company reported stronger-than-expected first-quarter results, even as its shares fell sharply following a significant increase in projected capital expenditures.
