Bernstein Lowers Meta Price Target to $850
Bernstein SocGen Group analyst Mark Shmulik lowered the price target on Meta (NASDAQ: META) to $850.00 (from $900.00) while maintaining an Outperform rating.
“We remain Outperform on Meta, with a PT of $850/Share (-$50).
We value Meta using a 50/50 combination of 2027e EV/Sales multiple of 7x (was 8X), and a DCF using an WACC of 10% and a terminal growth of 3.5%.
We allocate a lower multiple due to the unclear the AI product progress and slightly soft 2Q revenue guidance.
We consider Meta primarily a digital advertising business and benchmark valuation to comparable peers in this industry set.”
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