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89bio (NASDAQ:ETNB) Stock, Chaîne d'Options

89BIO INC

89bio

89bio Inc is a United States-based clinical-stage biopharmaceutical company focused on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its product candidate, pegozafermin (previously BIO89-100), a specifically engineered glycoPEGylated analog of fibroblast growth factor 21 (FGF21), is currently being developed for the treatment of nonalcoholic steatohepatitis (NASH) and for the treatment of severe hypertriglyceridemia (SHTG).

AOT Invest has launched its newest product for tech-forward traders and <a href="https://www.benzinga.com/etfs">thrill-seeking ETF</a> fans, the 2x Daily Software Platform ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOFL#NYSE">SOFL</a>).
The fund seeks to achieve double the AOT VettaFi Software Platform Index&#8216;s daily return, a metric that measures 50 of the leading performing companies of the rapidly changing software platform universe. 
These entities construct, run, or rely on scalable software infrastructure that underpins everything from cloud computing and artificial intelligence to applications development and enterprise solutions.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/07/46234253/grft-etf-seeks-to-turn-political-power-plays-into-investor-gains">GRFT ETF Seeks To Turn Political Power Plays Into Investor Gains</a>
<h2 class="wp-block-heading">Index Deep Dive</h2>
In order to be included in the index, firms need to generate half or more of their revenue from software platforms or closely associated businesses. A proprietary methodology rates quality and industry linkage to prevent those closely associated with service delivery, middleware, or platform licensing from being excluded. The index rebalances each quarter to maintain alignment with sector momentum.
<h2 class="wp-block-heading">The Leveraged Twist</h2>
SOFL employs financial derivatives — like swaps and exchange-listed options — to seek its 2x daily return objective. That implies the fund is intended for short-term tactical trades, not long-term buy-and-hold investments.
More leverage and volatility will make returns compound in unforeseen manners, tending to amplify profits or exaggerate losses, depending on holding period and direction of market movement.
<h2 class="wp-block-heading">High Octane, High Cost</h2>
Priced at an expense ratio of 1.29%, SOFL is at the upper end of the ETF fee scale, a premium reflective of its active daily trading and derivative exposure. Yet for investors who believe in the direction of software platform stocks, the fund might be a potent, albeit dangerous, instrument.
SOFL opens up a high-speed doorway to the changing landscape of software infrastructure and platform-based business models. But with great power (and leverage) comes great responsibility, and perhaps whiplash returns.
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</ul>
Image: Shutterstock

New ETFs

ETFs

Tidal Trust III 2x Daily Software Platform ETF

SOFL

AOT's New SOFL ETF Doubles Down On Software Stocks For Active Tech Traders

RBC Capital analyst Ken Herbert maintains Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) with a Outperform and raises the price target from $72 to $95.

News

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Ducommun, Raises Price Target to $95

Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) just secured its spot in the <a href="https://www.benzinga.com/topic/s-p-500-index">S&amp;P 500 Index</a>. And while the headlines are focused on the 10% surge during early trading on Thursday, Wedbush analyst Dan Ives sees a bigger story unfolding.
This isn't just a ripple effect of rebalancing. It's a validation of Datadog's rising dominance in the AI-fueled observability game; the beginning of what could be a multi-quarter growth wave.
Read Also: <a href="https://www.benzinga.com/news/25/07/46240648/why-datadog-shares-are-trading-higher-by-over-10-here-are-20-stocks-moving-premarket">Why Datadog Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket</a>
<h2 class="wp-block-heading">S&amp;P 500 Inclusion Lends &#8216;Incremental Confidence&#8217;</h2>
The addition is set to take effect July 9. It comes at a time when Datadog is firing on multiple cylinders. Its latest innovations in Bits AI — offering automated bug detection, traceable fix suggestions, and AI-enhanced monitoring — are directly addressing the enterprise demand for smarter DevOps. And with a strategic tie-up with OpenAI now in play, Datadog isn't just riding the AI trend. It's helping define it.
Dan Ives has bumped his 12-month price target from $140 to $170, citing "incremental confidence" in Datadog's positioning. "Our recent checks are very strong," Ives noted, highlighting the company's ability to monetize elevated enterprise usage through a retooled go-to-market motion.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="629" height="484" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03084351/Screenshot-2025-07-03-at-6.13.38-PM.png" alt="" class="wp-image-972072" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03084351/Screenshot-2025-07-03-at-6.13.38-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03084351/Screenshot-2025-07-03-at-6.13.38-PM-300x231.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Technical Signals Say The Rally Has Room</h2>
The technical backdrop echoes the bullish thesis. Datadog is now trading above all major moving averages — from its eight-day to its 200-day — underscoring persistent buying momentum. The 20-day and 50-day simple moving averages, at $127.77 and $117.79, respectively, are trailing significantly behind the current share price of $148+, further confirming trend strength.
The stock's Relative Strength Index (RSI) has crossed 81, putting it in overbought territory — but in a way that suggests strong investor conviction rather than exhaustion. The Moving Average Convergence Divergence (MACD) indicator at 6.09 reinforces that momentum is accelerating, not stalling.
<h2 class="wp-block-heading">S&amp;P 500 Is Fuel — Not The Finish Line</h2>
Datadog's market cap of $45 billion now earns it a seat at the passive capital table, opening the door to ETF flows and institutional exposure. But unlike some names that pop on index news and fade, Datadog appears to have fundamental horsepower behind the move. 
With last year's revenue climbing nearly 47% and product expansion continuing across AI and security observability, the company may just be scratching the surface of its total addressable market.
For investors wondering if they've missed the move, the charts and the fundamentals both suggest this may be the warm-up act.
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</ul>
Photo: Shutterstock

Technicals

Tech

Trading Ideas

DDOG

Datadog's S&P 500 Debut Could Spark A Sizzling Rally

Wells Fargo analyst Jason Haas maintains Moodys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) with a Overweight and raises the price target from $572 to $573.

Wells Fargo Maintains Overweight on Moodys, Raises Price Target to $573

WIIM

MIRA

MIRA stock has given up its prior gain. MIRA Pharmaceuticals shares were trading higher after the company reported clinical data for Mira-55. Additionally, the company announced it is making advancements regarding its SKNY acquisition.

DFDV

DeFi Development shares are trading higher after the company announced it purchased 17,760 units of Solana.

Wells Fargo analyst Aaron Rakers maintains Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) with a Equal-Weight and raises the price target from $20 to $22.

Wells Fargo Maintains Equal-Weight on Hewlett Packard, Raises Price Target to $22

RBC Capital analyst Ken Herbert maintains AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) with a Outperform and raises the price target from $200 to $275.

AVAV

RBC Capital Maintains Outperform on AeroVironment, Raises Price Target to $275

So-Young International shares are trading higher after the company regained Nasdaq compliance for its closing bid price.

Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has outperformed the market over the past 10 years by 9.61% on an annualized basis producing an average annual return of 21.42%. Currently, Apple has a market capitalization of $3.20 trillion. 
Buying $1000 In AAPL: If an investor had bought $1000 of AAPL stock 10 years ago, it would be worth $6,789.72 today based on a price of $213.31 for AAPL at the time of writing.
<h3>Apple's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751552111_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

$1000 Invested In Apple 10 Years Ago Would Be Worth This Much Today

Wells Fargo analyst Michael Brown maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Overweight and raises the price target from $1105 to $1180.

Wells Fargo Maintains Overweight on BlackRock, Raises Price Target to $1180

IREN Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares are trading higher. The company on Thursday announced that it expanded its AI cloud through the purchase of thousands of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/pressreleases/25/07/g46242348/iren-expands-ai-cloud-with-2-4k-nvidia-blackwell-gpus">Blackwell GPUs</a>.
What Happened: IREN said that it bought 2,400 Nvidia Blackwell GPUs, consisting of 1,300 B200 GPUs and 1,100 B300 GPUs, for approximately $130 million. The purchase will be fully funded with cash. The company noted that it&#8217;s evaluating financing options to support its AI cloud services growth.
The 2,400 Blackwell GPUs are expected to be installed over the coming months at IREN&#8217;s Prince George, British Columbia campus. Any displaced hardware will be redistributed to the company&#8217;s other sites. The expansion will bring the company&#8217;s fleet to approximately 4,300 Nvidia GPUs.
&#8220;Expanding our Blackwell footprint not only&nbsp;enables us to meet current customer demand, it also supports the broader infrastructure conversations driving our next phase of growth,&#8221; said Daniel Roberts, co-CEO of IREN.
IREN said its Prince George facility has 50MW of dedicated power, which provides a runway for potential expansion up to more than 20,000 GPUs in total.
The company expects the GPU deployment to deliver attractive risk-adjusted returns on a stand-alone basis. 
IREN said earlier this week that it reached its mid-year target of 50 EH/s of installed capacity. The company had $184.3 million of cash and cash equivalents as of March 31 and subsequently closed a $550 million upsized convertible notes offering last month. 
IREN Price Action: <a href="http://benzinga.com/quote/IREN">IREN shares</a> were up 8.14% at $16.94 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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</ul>
Photo: VL-PhotoPro/Shutterstock.com

Movers

IREN

NVDA

IREN Stock Is Rising Thursday: What's Going On?

THTX

Theratechnologies shares are trading higher after the company announced it entered into a binding arrangement agreement to be acquired by CB Biotechnology.

IREN shares are trading higher after the company announced it purchased 2.4k next-gen NVIDIA Blackwell B200 and B300 GPUs for approximately $130 million

Macro Economic Events

Market Summary

Economics

General

CDNS

SNPS

Benzinga Market Summary: June Jobs Data Beats Estimates, Chip Designers Rise As US Rescinds China Export restrictions, Datadog Rises On S&P Inclusion

HSBC analyst Michael Tyndall reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Reduce and maintains $120 price target.

Reiteration

TSLA

HSBC Reiterates Reduce on Tesla, Maintains $120 Price Target

China&#8217;s <a target="_blank" href="https://www.benzinga.com/topic/smartphones" rel="noreferrer noopener">smartphone market</a> is set for a significant rebound in the second quarter of 2025, with both Huawei Technologies and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) leading the charge in year-on-year growth, according to preliminary figures from Counterpoint Research.
Huawei is expected to post the highest growth among <a target="_blank" href="https://www.counterpointresearch.com/insight/china-smartphone-market-q2-2025/" rel="noreferrer noopener">major brands</a>, potentially taking the top spot in the Chinese market in the second quarter.
Ivan Lam, Senior Research Analyst at Counterpoint Research, notes that Huawei is &#8220;still riding high on the loyalty of its core users, who are replacing their old phones with new Huawei releases.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45930835/iphone-sales-rebound-in-china-but-apples-next-move-could-be-risky" rel="noreferrer noopener">iPhone Sales Rebound In China, But Apple&#8217;s Next Move Could Be Risky</a>
<h2 class="wp-block-heading">Apple&#8217;s Strategic Rebound And Market Dynamics</h2>
Apple also saw an increase in sales during May, primarily driven by promotional discounts for the iPhone 16 series, especially the iPhone 16 Pro and iPhone 16 Pro Max.
Counterpoint Research Associate Director Ethan Qi stated that &#8220;Apple&#8217;s May discounts for iPhones bore fruit, coming a week ahead of the 618 shopping festival.&#8221;
This move proved effective. Apple ultimately claimed the top spot during the 618 sales period, with three iPhone variants making it onto the bestseller list.
Mengmeng Zhang, Senior Research Analyst at Counterpoint Research, added that the domestic smartphone subsidy boosted the second quarter&#8217;s performance, but also flagged risks related to scaling back these subsidies later in the year. While the 618 sales period itself was flat year-on-year, most of the quarter&#8217;s growth occurred in May.
<h2 class="wp-block-heading">Fierce Competition And Apple&#8217;s Counter-Moves</h2>
The competitive landscape in China remains intense. Xiaomi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) is directly challenging Apple with its new 15S Pro, which is priced lower than iPhone models and eligible for government subsidies, CNBC <a target="_blank" href="https://www.cnbc.com/2025/05/22/chinas-xiaomi-claims-new-phone-chip-rivals-apple-at-a-cheaper-price.html" rel="noreferrer noopener">reported</a> in May.
CEO Lei Jun claims Xiaomi&#8217;s Xring O1 chip outperforms Apple&#8217;s A18 Pro in heat management during gaming.
To counter this, Apple has reportedly been <a target="_blank" href="https://www.benzinga.com/markets/25/05/45585977/apple-raises-iphone-trade-in-prices-in-china-to-fend-off-huawei-xiaomi-amid-lagging-sales" rel="noreferrer noopener">increasing trade-in prices</a> for iPhones in China to fend off competition in its second-largest market. Trade-in prices refer to the money people in China can receive toward a new iPhone by exchanging their old device.
Furthermore, Apple is <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45975004/alibaba-updates-llms-to-power-ai-on-apple-devices-in-china" rel="noreferrer noopener">working to expand</a> its Apple Intelligence suite to mainland China by integrating Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) updated Qwen3 AI models into devices like iPhones, iPads, and MacBooks. This move signals Apple&#8217;s push to gain traction in China while complying with local regulations that require government approval for publicly used AI models.
<h2 class="wp-block-heading">Global Outlook And Headwinds</h2>
Despite the positive outlook for China, the global smartphone market faces some headwinds. Counterpoint Research lowered its 2025 <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45930835/iphone-sales-rebound-in-china-but-apples-next-move-could-be-risky" rel="noreferrer noopener">global smartphone shipment growth</a> forecast to 1.9% from 4.2%, citing tariff uncertainties under the Trump administration.
Similarly, IDC cut its 2025 global growth outlook to 0.6% from 2.3%, though it projects China&#8217;s shipments to rise 3% thanks to government subsidies.
However, IDC expects Apple&#8217;s global shipments to fall 1.9% in 2025 amid Huawei competition, economic headwinds, and a lack of local incentives.
U.S. smartphone growth could also slow to 1.9% in 2025 from 3.3% in 2017, as higher tariff prices weigh on demand.
Price Action: AAPL stock is trading higher by 0.51% to $213.53 at last check Thursday.
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</ul>
Image via Shutterstock

Asia

BABA

XIACF

XIACY

iPhone Sales Bounce Back In China, But Huawei And Xiaomi Intensify Pressure

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.54% to 44,725.87 while the NASDAQ gained 0.61% to 20,518.19. The S&amp;P 500 also rose, gaining, 0.51% to 6,259.36.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46243382/top-3-financial-stocks-you-may-want-to-dump-this-quarter">Top 3 Financial Stocks You May Want To Dump This Quarter</a>
Leading and Lagging Sectors Utilities shares jumped by 0.9% on Thursday.
In trading on Thursday, consumer staples stocks slipped by 0.01%.
Top Headline
Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists' expectations of 110,000.
The unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%. It marks the lowest unemployment rate since January 2025.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>Global Interactive Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GITS#NASDAQ">GITS</a>) shares shot up 142% to $3.92.</li>
<li>Shares of La Rosa Holdings Corp. &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) got a boost, surging 107% to $0.1658 after the company reported preliminary unaudited revenue of $38.4 million for the first half of 2025.</li>
<li>Lixte Biotechnology Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIXT#NASDAQ">LIXT</a>) shares were also up, gaining 98% to $4.01. Lixte Biotechnology announced the closing of $5.0 million private placement priced at the market.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Inovio Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) shares dropped 38% to $1.3350 after the company announced a $25 million public offering.</li>
<li>Shares of Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) were down 31% to $5.82 after the company announced up to a $9.9 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) was down, falling 24% to $3.1680.</li>
</ul>
Commodities In commodity news, oil traded down 0.5% to $67.10 while gold traded down 0.4% at $3,345.10.
Silver traded up 0.8% to $37.025 on Thursday, while copper fell 0.5% to $5.1695.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 rose 0.5%, Germany's DAX 40 gained 0.4% and France's CAC 40 gained 0.3% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 0.06%, Hong Kong's Hang Seng falling 0.63%, China's Shanghai Composite gaining 0.18% and India's BSE Sensex falling 0.20%.
Economics
<ul class="wp-block-list">
<li>Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists' expectations of 110,000.</li>
<li>The unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%. It marks the lowest unemployment rate since January 2025.</li>
<li>Average hourly earnings rose just 0.2% on the month, down from 0.4% in May and below the 0.3% expected. Year-over-year wage growth eased from 3.8% to 3.7%, undershooting the 3.9% forecast.</li>
<li>The S&amp;P Global composite PMI fell to 52.9 in June compared to 53.0 in May.</li>
<li>The U.S. trade gap increased to $71.5 billion in May versus a revised $60.3 billion gap in the previous month.</li>
<li>U.S. initial jobless claims fell by 4,000 from the previous week to 233,000 in the week ended June 28, compared to market expectations of 240,000.</li>
</ul>
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</ul>
Photo via Shutterstock

Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

GITS

LIXT

LRHC

NCPL

SONN

Dow Jumps Over 200 Points; US Nonfarm Payrolls Beat Estimates

TD Cowen analyst Derrick Wood maintains Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) with a Buy and raises the price target from $250 to $275.

ORCL

TD Cowen Maintains Buy on Oracle, Raises Price Target to $275

Needham upgraded Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) from Underperform to Hold on Thursday, but the analyst maintained a cautious stance on the stock as it trades <a href="https://www.benzinga.com/analyst-stock-ratings/upgrades/25/07/46244618/this-meta-analyst-is-no-longer-bearish-here-are-top-2-upgrades-for-thursday">near all-time highs.&nbsp;</a>
What To Know: Needham analyst Laura Martin said the upgrade was based on the firm's improved expectations for revenue and margins in 2025, driven by Meta's exceptional labor productivity.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/large-cap/25/07/46223791/elon-musks-stupid-actions-will-be-teslas-nail-in-the-coffin-ross-gerber-warns?utm_source=articleShare">Elon Musk&#8217;s &#8216;Stupid&#8217; Actions Will Be Tesla&#8217;s &#8216;Nail In The Coffin,&#8217; Ross Gerber Warns</a>
<h2 class="wp-block-heading">What&#8217;s Driving Meta&#8217;s Growth?</h2>
In fact, Meta ranked first among large-cap peers in free cash flow per employee for 2024, according to Needham's checks. The performance is attributed to META's globally scaled, software-centric business model that runs on free content provided by users and leverages mobile platforms for distribution.&nbsp;
Expert Ideas: Despite these strengths, Martin remained cautious as Meta still faces rapidly rising <a href="https://www.benzinga.com/markets/tech/25/07/46197734/metas-superintelligence-lab-wants-to-outthink-the-world-and-scale-ai-dna-is-all-over-it">capital expenditures</a>—projected to hit $68 billion in 2025, an 84% year-over-year increase—and escalating costs.&nbsp;
The company's aggressive pursuit of high-cost initiatives, including GenAI, Metaverse, Scale AI and <a href="https://www.benzinga.com/markets/tech/25/06/46186013/mark-zuckerberg-once-predicted-that-this-technology-would-replace-your-phone-a-decade-later-how-far-is-meta-from-delivering-on-a-more-natural-future">new hardware</a>, raised concerns about capital allocation and return on investment.&nbsp;
Regulatory headwinds are also a concern. Meta is exposed to increasing scrutiny in both the U.S. and Europe, with potential antitrust actions and new compliance burdens that could impact operations and profitability.&nbsp;
<h2 class="wp-block-heading">Is Meta&#8217;s Valuation Overblown?</h2>
Hold Rating: The analyst pointed out that META's shares are heavily owned, with 90% of analysts rating it a Buy or Strong Buy, raising questions about upside potential at current valuation levels.&nbsp;
Martin said she would become more positive on the stock if it dropped to just above $600 per share, with technical support at that level.&nbsp;
META Price Action: Meta Platforms shares were up 1.14% at $721.71 on Thursday morning, according to<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>.&nbsp;
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