Mizuho Lowers Meta Price Target to $835
Mizuho analyst Lloyd Walmsley lowered the price target on Meta (NASDAQ: META) to $835.00 (from $850.00) while maintaining an Outperform rating.
“We like Meta shares and expect to see more AI product rollouts help fill in the blanks around what the company plans to do with its new and improved LLM model and how it can eventually monetize.
We like the vision of Meta developing agentic AI “for mom” with a consumer focus, just as the major AI labs increasingly focus on enterprise.
We were encouraged to hear the company flag “large increases in Meta AI use” since the Muse Spark launch.
We believe it is critical for Meta to (1) demonstrate more of a product roadmap and adoption progress, and/or (2) figure out how to curtail cost/capex growth ahead of the 2Q print and guide for 3Q, given significantly harder comps.
If growth peaks in 2Q, unless we get one of the above definitively, the multiple could compress. Maintain Outperform, target to $835 (from $850).”
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