Rosenblatt Lowers Meta Price Target to $1,015

Rosenblatt analyst Barton Crockett lowered the price target on Meta (NASDAQ: META) to $1,015.00 (from $1,144.00) while maintaining a Buy rating.

“We find Meta’s news yesterday of a new LLM model — Muse Spark — an obviously encouraging response to the market skepticism that Meta is spending buckets and floundering in AI.

Separately, the macro backdrop has been solid — strong U.S. job growth in March, along with our interactions that suggest advertiser spend has been steady.

But we are trimming estimates for 2Q26E-4Q26E, as the Iran war gas-price spike seems likely to persist for a while, impacting potentially not just U.S. consumer spending (and related ad spending), but consumer spending outside the U.S.

(56% of Meta revenues were from outside North America in 2025). This reduces our price target 11% (or $129) to $1,015, but still Street high, we believe.”

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