Meta stock pops on bullish Jefferies note

Watch on YouTube ↗  |  January 22, 2026 at 19:34  |  2:49  |  CNBC
Speakers
Brent Thill — Analyst, Jefferies

Summary

Jefferies tech research analyst Brent Thill joins Power Lunch to discuss his bullish note on Meta. He argues Meta is the most hated mega-cap internet name, similar to Google last year, and that AI capex fears are overblown given strong engagement, advertising, and an emerging enterprise AI opportunity around Llama. Jefferies has a buy rating and a $910 price target on Meta.

  • Brent Thill outlines a bullish case for Meta after a rough stretch for the stock.
  • He compares Meta to Google last year, when it was viewed as an AI loser before rallying.
  • He says Meta's core platform and advertising engagement remain strong.
  • He sees enterprise AI and Llama as an emerging AWS-like opportunity.
  • He dismisses fears that Meta's AI capex will generate no return.
  • Jefferies has a buy rating and a $910 price target on Meta.
  • The conversation also touches on a broader internet playbook of buying hated mega-cap names.
Ideas
Brent Thill Analyst, Jefferies 1:08
Buy Meta; AI capex fears overblown
Meta is the most hated mega-cap internet name, similar to Google last year when it was viewed as AI roadkill; that creates an attractive opportunity because Meta's platform engagement and advertising monetization remain strong, enterprise AI via Llama is an emerging AWS-like call option, and fears that AI capex will produce no return are overblown. Jefferies has a buy rating and $910 price target.
META HIGH
Brent Thill Analyst, Jefferies 1:32
Buy most hated mega-cap internet names
In internet, the playbook is to buy the most hated of the biggest names that aren't going anywhere; Google last year was hated as AI roadkill and rallied more than 60%, and Meta is the current analog.
Mega-cap internet stocks MED
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This CNBC video, published January 22, 2026, features Brent Thill discussing META, Mega-cap internet stocks. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Brent Thill  · Tickers: META, Mega-cap internet stocks