Meta Stock Could Surge 57% if BNP Paribas Is Right About AI Compute

TLDR

• BNP Paribas analyst Nick Jones maintained a Buy rating on META with an $855 price target, implying 57% upside from current levels.
• Meta could monetize excess AI compute capacity through short-term or strategic cloud deals, but only when internal demand falls short.
• CEO Mark Zuckerberg confirmed at the May shareholder meeting that selling excess compute is “definitely on the table.”
• BNP expects Meta’s core ad business to keep growing, with cloud services acting as an additional revenue stream.
• Wall Street has a Strong Buy consensus on META, with 38 Buys, 5 Holds, and an average price target of $752.18.

Meta Platforms has spent heavily on AI infrastructure, and now Wall Street is starting to see a potential return on that spend beyond advertising.

BNP Paribas analyst Nick Jones set an $855 price target on META stock after meeting with company executives, implying roughly 57% upside from current levels. He kept his Outperform rating in place.

META was trading around $544 at the time of the note.

… Continue reading the full article at the original source below.