Key Highlights
- Despite the recent multiple compression, the firm is constructive on the stock driven by key near-term catalysts.
- BoFA noted how Meta has lagged the broader market and some of its biggest peers despite analysts having raised Meta’s 2026 earnings estimates.
- Investors have grown cautious on the stock amid concerns about AI spending and rising operating costs.
- Stock market charts.
- Photo by Kaboompics. com on Pexels “2025 YTD, Meta stock (up 11% y/y) has underperformed the NASDAQ (up 18%) and Alphabet (up 56%).
