Piper Sandler Reiterates Overweight on Meta, $800 PT

Piper Sandler analyst Thomas Champion reiterated an Overweight rating and $800 price target on Meta Platforms Inc.

(NASDAQ: META).

“META our Top Large Cap Pick: META remains top pick given top-line growth and attractive valuation. Key bogeys include 2Q revenue of ~$61BN and 3Q guide of $61- $64BN.

There is enormous focus on ’26/’27 capex guidance (we expect ’26 to hold steady), the AI strategy, and the launch of new cloud infrastructure business.

We are also looking for updates on Business Agents and WhatsApp.”

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