Wolfe Sees Meta AI Cloud Monetization Lifting EPS 20% at $800 Target

On July 13, Wolfe Research reaffirmed its Outperform rating on Meta with an $800 price target, highlighting potential monetization of excess AI capacity as a major earnings catalyst. This follows J.P. Morgan's Neutral stance and concerns over Meta's accelerating AI spend, including a Louisiana data-center expansion to five gigawatts at over $50 billion in cost. Earlier in the week, Benchmark reiterated Hold after an internal memo leak while D.E. Shaw named Meta a top AI holding. Shares closed near $665 amid mixed sentiment, with 262 hedge funds holding the stock and analysts projecting over 40% upside despite 2027 capex potentially reaching $200 billion.