KeyBanc Meta

KeyBanc Lowers Meta Price Target to $835

Analyst: Justin Patterson 1 min read Reproduced verbatim
Rating
Overweight
Target
$835
from $875 (−5%)
Upside
+38%
META at $607 today
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What the analyst said

KeyBanc analyst Justin Patterson lowered the price target on Meta (NASDAQ: META) to $835.00 (from $875.00) while maintaining an Overweight rating.

“We believe OW-rated Alphabet (raise PT to $360) and OW-rated Meta (lower PT to $835) should benefit from AI product cycles in 2026.

However, we believe this is increasingly priced into GOOGL, yet investment and ROI concerns are priced into META, as evidenced by META’s widest P/E discount to GOOGL since 2022 (~7x gap).

With our 2026E/2027E revenue estimates ahead of consensus for both GOOGL (1%/3%) and META (1%/2%), our view is both stocks can work over the year.

As META gets through the wall of worry on opex exceeding $160B (4Q’s print) and the product cycle kicks into gear (spring onward), we see room for upside in META.

For META, we expect the NT to remain contentious on concerns of spending levels (e.g., investors fear $160B+ in opex, or +40% y/y growth); while we are bracing for elevated guidance (we model $157B in opex and $120B in capex), we see product momentum in the spring supporting stronger revenue growth into 2027E.”

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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 $607. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $835 target is 3% below the median.

Since the note META has moved −8% (from $659). 12-month window: day 281 of 365, closes on January 26, 2027.

Track record

This callOpen: META has not reached $835 yet. This 12-month target is scored on January 26, 2027.

Firm track recordKeyBanc: 79% of its 24 targets at least a year old were reached within 12 months (#12 of 26 firms); on Meta, 5 of 8. Accuracy ranking →

KeyBanc on Meta

KeyBanc price targets on Meta

8 calls from October 30, 2025 to September 23, 2026. The target went from $875 to $900 (+3%). The rating stayed Buy.

KeyBanc targetMETA share price
  1. September 23, 2026Target raised from $780 (+15%)Buy$900
  2. September 9, 2026Kept the $780 targetBuy$780
  3. August 27, 2026Kept the $780 targetBuy$780
  4. July 30, 2026Target raised from $760 (+3%)Buy$780
  5. April 9, 2026Target cut from $855 (−11%)Buy$760
  6. January 29, 2026Target raised from $835 (+2%)Buy$855
  7. January 26, 2026 This noteTarget cut from $875 (−5%)Buy$835
  8. October 30, 2025Earliest call shownBuy$875
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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.