BofA Securities Raises Meta Price Target to $885
BofA Securities analyst Justin Post raised the price target on Meta (NASDAQ: META) to $885.00 (from $810.00) while maintaining a Buy rating.
“Investment cycles are rarely constructive, but we learned several positives on the call: 1) AI is driving returns, and more for Meta than peers, 2) Meta is building an infrastructure powerhouse, but can self-fund (we est. positive ’26 FCF) and is setting limits on spend, 3) new models/products are coming, and Meta is thinking beyond ad revenues long-term, & 4) RL losses expected to peak this year.
At AH price of $713, stock is at 21x our revised 2027 EPS (vs historical avg. of 21x), and this includes potential $10+/share in RL and Gen-AI investment spend.
We see Meta’s ads business as attractively valued. Buy.”
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