Piper Sandler Meta

Piper Sandler Lowers Meta Price Target to $840

Analyst: Thomas Champion 1 min read Reproduced verbatim
Rating
Overweight
Target
$840
from $880 (−5%)
Outcome
Missed
within 12 months
Piper Sandler and Meta logos

What the analyst said

Piper Sandler analyst Thomas Champion lowered the price target on Meta Platforms Inc.

(NASDAQ: META) to $840 (from $880) while maintaining an Overweight rating.

“3Q results were again very very impressive, but shares will likely be pressured by the expense commentary for ’26.

Despite raised revenue forecasts we project flat op income in ’26 and FCF will likely be down again. But, we remain bullish on ad model investments like GEM, Lattice, and Andromeda.

The macro looks fine, and we expect management to toggle back opex & capex expectations through 2026 (raising EPS & FCF). We’d be buyers on weakness tomorrow.

Our ’26 revenues / EBITDA estimates move +3%/-7% while PT moves to $840 (from $880), reiterate OW.”

Disclaimer
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 $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 $840 target is 2% below the median.

Since the note META has moved −20% (from $752). The 12-month window closed on October 30, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note META closed at $615, 27% below the $840 target, and it moved the other way.

Firm track recordPiper Sandler: 78% of its 37 targets at least a year old were reached within 12 months (#15 of 26 firms); on Meta, 3 of 7. Accuracy ranking →

Earnings reactionOne of 24 notes after Meta’s Oct 29 results: 2 raised · 17 cut · 3 kept. See every call →

Piper Sandler on Meta

Piper Sandler price targets on Meta

8 calls from July 31, 2025 to September 25, 2026. The target went from $880 to $875 (−1%). The rating stayed Buy.

Piper Sandler targetMETA share price
  1. September 25, 2026Target raised from $785 (+11%)Buy$875
  2. July 30, 2026Target cut from $800 (−2%)Buy$785
  3. July 10, 2026Kept the $800 targetBuy$800
  4. April 30, 2026Target cut from $880 (−9%)Buy$800
  5. January 29, 2026Target raised from $840 (+5%)Buy$880
  6. October 30, 2025 This noteTarget cut from $880 (−5%)Buy$840
  7. October 13, 2025Kept the $880 targetBuy$880
  8. July 31, 2025Earliest call shownBuy$880
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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
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.