Meta Platforms, Inc. (NASDAQ: META) is a top AI stock. Mizuho analyst reiterates Outperform rating with $815 price target. Reports suggest CEO Mark Zuckerberg will cut metaverse spending, potentially boosting stock by $2/share in 2026 EPS. Cuts may lead to layoffs in January, impacting Horizon Worlds and Quest VR unit.

Firm predicts major share surge from Metaverse cuts. Uncertainty remains on incremental upside. Cuts could add $2/share to 2026 EPS, offsetting Reality Labs losses. Investors gain confidence in scaling up Gen-AI investment. Meta expands advertising and AI in metaverse.

While META offers potential, some AI stocks may offer more upside with less risk. Explore undervalued AI stock with benefits from tariffs and onshoring trend. Check out other top AI stocks on Wall Street for investment opportunities. No disclosures.

Read more at Yahoo Finance: Wall Street Sees Upside for META as Metaverse Budget Faces Major Trim