Jefferies Reiterates Buy Rating on Meta, $910 Price Target

Jefferies analyst Brent Thill reiterated a Buy rating and $910.00 price target on Meta (NASDAQ: META).

“We see 5 reasons for META to outperform in ’26, making it a top pick: 1) strong potential for upside to estimates, with cons assuming revenue growth slows by ~3 pts to 18% y/y and operating margins compress ~500bps to 36% on AI investments – creating a low bar; 2) attractive risk/reward at 22x NTM PE a 6-turn PE discount vs.

GOOGL; 3) big AI hires poised to deliver in ’26; 4) continued momentum from AI investments in META’s Core Flywheel; 5) accelerating activation of major incremental rev engines, w/ WhatsApp having potential to grow from a $9Bn run rate today to $36Bn by FY29, with additional upside from Threads & Llama/AI.

We see potential for META to do over $33 in FY27 EPS which at 25x multiple = a >$825 stock.”

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