What the analyst said
Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating and $920 price target on Meta Platforms Inc.
(NASDAQ: META).
“META Connect 2025 kicks off tomorrow (09/17) with the CEO Mark Zuckerberg’s keynote at 8pm ET. We expect the 2-day event to feature several product launches on AR and wearables.
For context, Meta Connect 2024 featured the launch of new VR affordable headset (Quest 3S), preview of Orion (AR smart glass prototype), and AI integrations for AR experiences (i.e., memory recall, conversational assistance, etc.).
In 2025, we expect focus to be on new smart glasses and other wearable devices.
Specifically, press reports suggest that META will launch new smart glasses (internally dubbed as Hypernova / Celeste) with a small heads-up display (HUD), along with updated line of Ray-Bans.
Additionally, press sources report META could enable controls for glasses with wristbands. The company is also likely to provide an update on its progress with Orion.
On the AI front – we expect to hear about new developer tools for AR built on top of the company’s advancements in AI models and recent partnerships.”
“META shares outperformed Nasdaq by ~200bps in the 7-days following Connect over the last two years.
While we do not expect to see meaningful change in narratives post Connect 2025, we believe META’s efforts to build / perfect new form factors and engagement models using AI for the post-mobile world is significantly under-appreciated.
We reiterate our Overweight rating and our 12-month $920 PT.”
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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 −22% (from $779). The 12-month window closed on September 17, 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, 2025 This noteKept the $920 targetBuy$920
- September 8, 2025Kept the $920 targetBuy$920
- August 20, 2025Kept the $920 targetBuy$920
- August 13, 2025Kept 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