Piper Sandler Raises Meta Price Target to $880
Piper Sandler analyst Thomas Champion raised the price target on Meta (NASDAQ: META) to $880.00 (from $840.00) while maintaining an Overweight rating.
“META reported a very strong 4Q topline and 1Q guide although FY26 opex / capex were both well above bogeys. 4Q revenue and EBITDA were 2% and 4% above expects (vs 4% and 8% in 3Q25).
The 1Q revenue guide was particularly strong +30% y/y cc at the highend. Full-year CAPEX & OPEX also move substantially higher.
Despite the magnitude of investment, we’re raising ’26 EBIT and the impact on revenue is tangible.
META remains our top large cap pick. PT moves to $880 from $840. Reiterate OW. 4Q revenue results were impressive and guidance was higher across all metrics. There’s palpable confidence.
Mgmt is investing massively into AI, but showing tangible ROI with 1Q rev guide +30% y/y cc at the highend. We remain bullish on ad model investments like GEM and Andromeda.
The tools are working, and we expect further improvements, plus potential for new AI tools. Our ’27 revenues / EBITDA estimates move 6% / 7% while PT moves to $880 from $840. Reiterate OW.”
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