BofA Raises Meta Price Target to $900

BofA Securities analyst Justin Post raised the price target on Meta Platforms Inc.

(NASDAQ: META) to $900 (from $775) while maintaining a Buy rating.

“Raising revenues, expenses and 2026E EPS by 12% A strong 3Q outlook suggests AI investments are delivering results & we think street will remain optimistic on future revenue upside potential.

We are raising estimates reflecting higher users, usage & monetization. For 2025E, we raise rev. by 5% to $199bn & EPS by 11% to $29.73.

For 2026E, we raise rev. by 9% to $237bn, expenses by 8% to $143bn (+26% y/y) and EPS by 12% to $32.63.

We raise PO to $900 (from $775) based on higher 2026 EPS & higher 27x multiple (vs 26x prior) reflecting higher rev growth & AI opportunity.

A growing list of new ad capabilities reinforces our confidence in the strength of Meta’s AI ad engine.

We continue to view Meta as one of the top AI beneficiaries in our coverage & believe the company is well positioned to lead in an emerging agentic AI ecosystem.

For 2H, we see multiple drivers (growing usage, AI ad stack integrations, and ads in Threads/WhatsApp) of potential upside.”

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