KeyBanc Lowers Meta Price Target to $760

KeyBanc analyst Justin Patterson lowered the price target on Meta (NASDAQ: META) to $760.00 (from $855.00) while maintaining an Overweight rating.

“Muse Sparks Meta’s AI Uprising and Reinforces Investment Not a Supermassive Black Hole; Lower PT to Reflect Market Volatility; Meta’s unveiling of Muse Spark showed Meta Superintelligence Labs (MSL) has made meaningful progress over a ~9-month period, and provides a look at Meta’s vision of consumer AI.

Coupled with practical AI applications for Manus integrations and progress with ranking models, we believe the market is underappreciating platform stickiness for consumers and advertisers.

Further, recent ad checks leave us more confident in a 20%+ medium-term growth algorithm, as such we raise estimates.

Our lower PT of $760 (22x 2027E P/E) reflects a more conservative multiple amid market volatility; maintain OW.”

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