What the analyst said
Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating and $920 price target on Meta Platforms Inc.
(NASDAQ: META).
“As capex spending ramps further over the next 12-18 months, depreciation expense is set to accelerate further.
For META specifically, we are modeling FY26E/FY27E depreciation expense growth of 52% and 47% respectively, up from 19% (or 38% exserver life change) this year.
In addition to an increase in capital intensity, META’s depreciation expense is also likely to face upward pressure from incremental mix-shift towards shorter duration assets (Servers, GPUs, etc.) in FY26E as the company deploys more compute for Super-intelligence efforts in newer DCs…META also faces incremental expenses from other infrastructure opex that are recognized across the P&L.
Putting all this together, we think total opex growth could exceed +25% CAGR over the next two years.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
META trades at $611. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $920 target is 7% above the median.
Since the note META has moved −23% (from $790). The 12-month window closed on August 13, 2026.
Track record
Firm track recordCantor: 84% of its 38 targets at least a year old were reached within 12 months (#13 of 21 firms). Accuracy ranking →
Cantor on Meta
Cantor price targets on Meta
8 calls from July 31, 2025 to November 19, 2025. The target went from $920 to $720 (−22%). The rating stayed Buy.
- November 19, 2025Target cut from $830 (−13%)Buy$720
- October 30, 2025Target cut from $920 (−10%)Buy$830
- October 16, 2025Kept the $920 targetBuy$920
- September 17, 2025Kept the $920 targetBuy$920
- September 8, 2025Kept the $920 targetBuy$920
- August 20, 2025Kept the $920 targetBuy$920
- August 13, 2025 This noteKept the $920 targetBuy$920
- July 31, 2025Earliest call shownBuy$920
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