According to foreign media, Meta (META.US) may completely cut 10% of its expenses, with the reduction in the Metaverse department possibly being as high as 30%, Citi Research issued a research report saying.

Although Meta's 10% cut for its expenses annually has become the norm since 2022, this significant reduction in Metaverse investment will undoubtedly free up resources for the Super Intelligence Labs to support the launch of its new AI products in 2026.

Citi Research believed that the above news indicate that Meta can achieve sustained product-driven growth by reallocating resources to the most promising areas. Meta remains its top pick. Therefore, the broker reiterated rating at Buy and a target price of US$850.
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AASTOCKS Financial News
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Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
META (C)	10003	900 (-)	0.232	7.7 X
META (P)	10757	700 (-)	1.330	3.9 X