Guggenheim Reiterates Buy Rating on Meta, $850 Price Target
- Rating
- Buy
- Unchanged
- Target
- $850
- Upside
- +40%
- META at $605 today
What the analyst said
Guggenheim analyst Michael Morris reiterated a Buy rating and $850.00 price target on Meta (NASDAQ: META).
“We remain positive on BUY-rated META shares into 1Q earnings supported by core advertising revenue growth acceleration and an investment playbook balanced between sustainable, high-return opportunities and bigger swings showing early evidence of success.
We raise our 1Q26 revenue growth forecast to 32.3% from our prior 30.8% (Visible Alpha consensus 31.2%) reflecting constructive intra quarter advertiser feedback pointing to attractive engagement trends and industry leading advertising performance, largely driven by Andromeda.
We expect top-line strength to persist throughout 2026 (>23% growth each quarter) driven by ongoing performance improvements, sustained strong advertiser demand, and continued impression growth, particularly on video surfaces.
While top-line trend is among the best in our coverage, we believe the primary overhang for investors remains on capex-related returns, with 2026 guidance of $115-$135bn implying a 73% increase vs.
2025 at the mid-point and our/consensus forecasts expecting even further growth in 2027.
Our view is that Meta is investing from a position of strength, with the recent launch of Muse Spark, the company’s first major AI model out of Meta Superintelligence Labs, providing early evidence of capital spend yielding an incrementally competitive product (additional details within).
Similar to our outlook at Alphabet, we expect increased investment to weigh on Free Cash Flow in the near-term, though surpass prior peak levels beginning in 2028.
In this note, we also provide details from Guggenheim’s April 12th Internet Investor Survey (n=98).
Key takeaways include above-consensus revenue outlook in 1Q and 2Q in addition to further capex growth expected in 2027. Maintain BUY rating and $850 price target.”
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Where the price stands
META trades at $605. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $850 target is 1% below the median.
Since the note META has moved −10% (from $675). 12-month window: day 196 of 365, closes on April 23, 2027.
Track record
This callOpen: META has not reached $850 yet. This 12-month target is scored on April 23, 2027.
Firm track recordGuggenheim: 29% of its 7 targets at least a year old were reached within 12 months; on Meta, 2 of 4. Accuracy ranking →
Guggenheim on Meta
Guggenheim price targets on Meta
5 calls from July 31, 2025 to October 14, 2026. The target went from $875 to $850 (−3%). The rating stayed Buy.
- October 14, 2026Target raised from $700 (+21%)Buy$850
- July 30, 2026Target cut from $800 (−13%)Buy$700
- April 30, 2026Target cut from $850 (−6%)Buy$800
- April 23, 2026 This noteTarget cut from $875 (−3%)Buy$850
- July 31, 2025Earliest call shownBuy$875
Other analysts on Meta
Wells FargoBuy
Kept rating and price target · Oct 27
$995maintained
Citizens JMPBuy
Kept rating and price target · Oct 27
$885maintained
MizuhoBuy
Kept rating and price target · Oct 26
$950maintained
Canaccord GenuityBuy
Kept rating and price target · Oct 26
$950maintained
William BlairBuy
Kept rating · Oct 26