Canaccord Genuity Raises Meta Price Target to $930

Canaccord Genuity analyst Maria Ripps raised the price target on Meta (NASDAQ: META) to $930.00 (from $900.00) while maintaining a Buy rating.

“Strong print reinforces AI-led growth narrative Meta reported strong Q4 results, with both revenue and OI coming in ~3% above consensus, and advertising revenue growing 23% y/y FXn despite a tougher political comp.

With investors increasingly questioning Meta’s AI investment cycle leading into the print, these results offered a clear rebuttal to skeptics, with the impact of AI visible across the business.

Reels engagement jumped over 30% y/y in the US, while new sequence learning models and expanded GEM capacity boosted Facebook ad clicks by 3.5% and Instagram conversions by over 1%.

Beyond the consumer side, internal productivity is also surging, with Meta reporting a 30% increase in engineer output for 2025 thanks to new coding tools.

The 2026 AI-product roadmap remains robust, with plans to scale training data, deepen content understanding through LLMs, and leverage Meta Superintelligence Labs to launch the next generation of AI products, with new models expected to be launched in the next few months.

Looking further out, CEO Mark Zuckerberg envisions a shift toward new categories of personalized, interactive content, indicating that he does not believe video is the “final format.””

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