Cantor Fitzgerald Raises Meta Price Target to $860

Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on Meta (NASDAQ: META) to $860.00 (from $750.00) while maintaining an Overweight rating.

“META reported 4Q results with revenues and EPS above prior Street estimates (Visible Alpha) by 3% and 8%, respectively.

The company’s 1Q revenue growth outlook of 30% ex-FX at the high-end implies 7 pts of acceleration on a 1- pt easier comp and sets the FY26E revenue trajectory at a significantly higher rate vs. prior expectations.

The FY26E opex and capex guide of $162-169B and $115-135B also came in well above expectations, but META guided for FY26E operating income growth despite elevated investments in infrastructure capacity.

Big picture – the fundamentals of META’s core businesses (IG, FB, and WA) are benefiting significantly from AI deployments in several areas.

Additionally, the company’s engineering roadmap and product pipeline for 2026 are robust.

On MSL, the company appears to be making good progress and is likely to deliver highly capable models over the next few quarters.

Despite NT pressure on OI/FCF from investments, we think META has one of the highest monetization rates for compute (GW) in AI, and we expect incremental capacity unlocks to deliver healthy returns in 2026/27.

We have raised our FY27E revenue and EPS estimates by 7% and 3%, respectively.

We reiterate our Overweight / Top Pick rating, and our revised PT of $860 is based on a blended average of 28x FY26/27E EPS (vs. $750 and 25x, previously).”

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