Guggenheim Lowers Meta Price Target to $875
- Rating
- Buy
- Target
- $875
- from $900 (−3%)
- Outcome
- Missed
- within 12 months
What the analyst said
Guggenheim analyst Michael Morris lowered the price target on Meta Platforms Inc.
(NASDAQ: META) to $875 (from $900) while maintaining a Buy rating.
“Second-quarter results showed accelerated revenue and profit growth, with $20.4bn in operating income 19% above consensus, and 3Q revenue guide similarly ahead.
Meta’s financial strength reflects industry-leading advertising products, meaningful impact from AI-based tools and a continued healthy ad environment.
This strong financial performance bolsters management’s commitment to further investment, with 2025 spend guidance largely unchanged, and early looks at 2026 ahead of the current consensus model, with opex growth acceleration (versus consensus slowing 20%→14%) and “similarly significant” capex growth to the $30bn incrementally incurred in 2025 (implying a nearly $100bn annual spend level vs. our $83bn, consensus at $77bn).
At after-hours valuation of 14x 2026E EBITDA (ex-reality labs losses) we expect investors will continue to view alignment with CEO Mark Zuckerberg’s five pillar AI strategy as attractive given the balance of near- (improved advertising, more engaging experience), intermediate- (business messaging) and longer-term (personal superintelligence, devices) goals.
We see shares as attractively priced for investment in one of a small number of companies uniquely positioned to drive generational change in the deployment of new technology in the everyday lives of consumers and businesses.
We have lifted our revenue, capex and opex estimates, resulting in ~2% increases in our 2026/27 operating income estimates as summarized within.
We raise our 12-month price target to $875 from our prior $800 on estimate revisions and a modestly higher target multiple reflecting increased confidence in the long-term return profile of near-term investments.”
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Where the price stands
META trades at $605. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $875 target is 2% above the median.
Since the note META has moved −13% (from $695). The 12-month window closed on July 31, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note META closed at $557, 36% below the $875 target, and it moved the other way.
Firm track recordGuggenheim: 29% of its 7 targets at least a year old were reached within 12 months; on Meta, 2 of 4. Accuracy ranking →
Guggenheim on Meta
Guggenheim price targets on Meta
5 calls from July 31, 2025 to October 14, 2026. The target went from $875 to $850 (−3%). The rating stayed Buy.
- October 14, 2026Target raised from $700 (+21%)Buy$850
- July 30, 2026Target cut from $800 (−13%)Buy$700
- April 30, 2026Target cut from $850 (−6%)Buy$800
- April 23, 2026Target cut from $875 (−3%)Buy$850
- July 31, 2025 This noteEarliest call shownBuy$875
Other analysts on Meta
Wells FargoBuy
Kept rating and price target · Oct 27
$995maintained
Citizens JMPBuy
Kept rating and price target · Oct 27
$885maintained
MizuhoBuy
Kept rating and price target · Oct 26
$950maintained
Canaccord GenuityBuy
Kept rating and price target · Oct 26
$950maintained
William BlairBuy
Kept rating · Oct 26