July 1 - Shares of Meta (META, Financial) jumped to an all‑time high of $747.90, marking a third straight day of gains after the company unveiled a new superintelligence unit.
Meta Superintelligence Labs will be headed by Alexandr Wang, the former Scale CEO, and will bring on board engineers from Scale, OpenAI, Anthropic and Google to accelerate next‑generation AI research.
To fund this push, Meta plans to raise $29 billion, $3 billion from private equity firms including Apollo Global Management (APO, Financial), KKR (KKR, Financial), Brookfield, Carlyle (CG, Financial) and PIMCO, with the remaining $26 billion via debt financing.
The company also struck four clean‑energy deals with Invenergy, securing 791 megawatts of additional solar and wind power to run its AI data centres.
Observers say the move underscores Meta's ambition to lead the rapid evolution of AI.
Is META Stock a Buy or Sell?
Based on the one year price targets offered by 61 analysts, the average target price for Meta Platforms Inc is $721.00 with a high estimate of $935.00 and a low estimate of $466.00. The average target implies a downside of -2.31% from the current price of $738.09.
Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $537.92, suggesting a downside of -27.12% from the current price of $738.09.
