KeyBanc Raises Meta Price Target to $855

KeyBanc analyst Justin Patterson raised the price target on Meta (NASDAQ: META) to $855.00 (from $835.00) while maintaining an Overweight rating.

“We view Meta’s 4Q results as a blue-sky scenario, where higher opex and capex were more than offset by a revenue growth outlook and multiple stats showing where AI is delivering value.

Beneath the headline numbers, agentic coding is driving meaningful increases in engineering productivity.

Coupled with infrastructure growth, we see >$90B of revenue added between 2025-2027E and ROI concerns subsiding. As such, we maintain our OW rating and raise our PT to $855 (25x 2027E P/E).”

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