Meta Platforms, Inc. (NASDAQ: META) is analyzed by Bernstein analyst Mark Shmulik who believes Meta can close the gap with Google. The firm has an Outperform rating and $900 price target due to Meta’s strong AI efforts. Revenue grew 22% Y/Y in Q2 with Q3 revenue guidance exceeding expectations at $47.5-50.5B.

Meta’s core AI investment is paying off, but at a cost. The firm sees Meta as the only publicly traded Consumer AI play delivering real results. Management expects expenses to grow 20%+ Y/Y in 2026 due to AI hires and server depreciation. Meta is on pace to catch Google in ad revenues by the end of 2026.

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Read more at Yahoo Finance: Bernstein Calls Meta the Top Consumer AI Play With Outperform Rating