Why Meta's stock could see a 50% rally, thanks to an overlooked AI wild card
MarketWatch·
- Meta is targeting 14 gigawatts of total compute capacity by 2027 while facing stock pressure from elevated AI spending.
- Evercore ISI analyst Mark Mahaney raised Meta's price target to $860 based on a potential $22 billion annual revenue opportunity from selling surplus AI compute capacity.
- Selling 1 gigawatt could generate up to $22 billion annually, adding up to $4.32 in per-share earnings while utilizing only 7% of Meta's targeted capacity.
