Citizens JMP Lowers Meta Price Target to $800

Citizens analyst Andrew Boone lowered the price target on Meta Platforms Inc.

(NASDAQ: META) to $800 (from $825) while maintaining a Market Outperform rating.

“We are lowering our price target to $800 from $825 based on our expectations for greater CapEx.

Meta last closed at $631.48, which implies shares trade for 18.8x our 2027E GAAP EPS of $33.21.

Our revised $800 price target is based on ~24x our 2027E GAAP EPS (down one turn from our prior $825 price target).”

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