[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5501 followers Created: 2025-07-20 15:41:45 UTC $META Attached is page X of a 14-page Citizens analyst report on META issued Thursday (7/17) entitled: "Superintelligence and AI Investments Could Drive Meta's CapEx to Nearly $100B Next Year" Citizens has a 'Market Outperform' rating on META with a $XXX price target. Citizens' summary statement regarding META in the report includes the following: "With Meta making material investments in its superintelligence team, including researchers and compute, we believe the company is going through a significant investment cycle and we expect 2026 CapEx to surprise the Street as Meta builds multiple X GW or greater data centers: Specifically, we increase our 2026 CapEx estimate to $91B, which is well above consensus at $73.5B. To be clear, AI continues to benefit Meta's core advertising business and our revenue estimates remain above consensus, but we are incrementally cautious on shares given the company's superintelligence/AI investment cycle. However, given AI is helping to sustain revenue growth, we maintain our Market Outperform rating and unchanged $XXX price target. We believe Meta's X GW data center costs ~$30B to build, while it is building at least four data centers with at least X GW of capacity: CEO Zuckerberg recently stated that he wants to offer his superintelligence team researchers more GPUs per employee than any other research lab, while Meta's AI needs are growing, with more video on its platform and as generative AI is likely set to expand significantly in 2026 for the creation of both content and advertising. This, as Meta AI is likely close to 1B users. To that end, we believe Meta is front-loading the buildout of its compute capacity as CapEx ramps. -- Valuation: The $XXX price target based on ~26x 2026E GAAP EPS of $XXXXX. With Meta under-earning given its investments in Facebook Reality Labs and XR/VR, its best-in-class advertising platform that continues to improve with AI, and optionality with Meta AI glasses, we justify Meta's premium P/E valuation relative to Google (GOOGL, MO, $XXX PT) and the market overall. -- Key risks to our investment thesis and valuation are: 1) an increasingly capital-intensive business driven by investments in AI; 2) inability to compete with new entrants as consumers may shift time spent to competitor's platforms; 3) any reduction of ad spend on Meta by marketers; 4) the reduction in data signals for ad targeting and measurement; 5) inability to successfully execute AI initiatives, including the development and deployment of AI into better engagement and monetization; 6) increasing privacy concerns from users; 7) increasing government regulation domestically and internationally; and 8) macroeconomic events." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [$100b](/topic/$100b) [coins ai](/topic/coins-ai) [meta](/topic/meta) [$meta](/topic/$meta) [meta platforms](/topic/meta-platforms) [stocks communication services](/topic/stocks-communication-services) [Post Link](https://x.com/CorleoneDon77/status/1946958716235923618)
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DonCorleone77 @CorleoneDon77 on x 5501 followers
Created: 2025-07-20 15:41:45 UTC
$META
Attached is page X of a 14-page Citizens analyst report on META issued Thursday (7/17) entitled:
"Superintelligence and AI Investments Could Drive Meta's CapEx to Nearly $100B Next Year"
Citizens has a 'Market Outperform' rating on META with a $XXX price target.
Citizens' summary statement regarding META in the report includes the following:
"With Meta making material investments in its superintelligence team, including researchers and compute, we believe the company is going through a significant investment cycle and we expect 2026 CapEx to surprise the Street as Meta builds multiple X GW or greater data centers:
Specifically, we increase our 2026 CapEx estimate to $91B, which is well above consensus at $73.5B. To be clear, AI continues to benefit Meta's core advertising business and our revenue estimates remain above consensus, but we are incrementally cautious on shares given the company's superintelligence/AI investment cycle. However, given AI is helping to sustain revenue growth, we maintain our Market Outperform rating and unchanged $XXX price target.
We believe Meta's X GW data center costs ~$30B to build, while it is building at least four data centers with at least X GW of capacity:
CEO Zuckerberg recently stated that he wants to offer his superintelligence team researchers more GPUs per employee than any other research lab, while Meta's AI needs are growing, with more video on its platform and as generative AI is likely set to expand significantly in 2026 for the creation of both content and advertising. This, as Meta AI is likely close to 1B users. To that end, we believe Meta is front-loading the buildout of its compute capacity as CapEx ramps.
-- Valuation:
The $XXX price target based on ~26x 2026E GAAP EPS of $XXXXX. With Meta under-earning given its investments in Facebook Reality Labs and XR/VR, its best-in-class advertising platform that continues to improve with AI, and optionality with Meta AI glasses, we justify Meta's premium P/E valuation relative to Google (GOOGL, MO, $XXX PT) and the market overall.
-- Key risks to our investment thesis and valuation are:
- an increasingly capital-intensive business driven by investments in AI;
- inability to compete with new entrants as consumers may shift time spent to competitor's platforms;
- any reduction of ad spend on Meta by marketers;
- the reduction in data signals for ad targeting and measurement;
- inability to successfully execute AI initiatives, including the development and deployment of AI into better engagement and monetization;
- increasing privacy concerns from users;
- increasing government regulation domestically and internationally; and
- macroeconomic events."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics $100b coins ai meta $meta meta platforms stocks communication services