BMO Capital Reaffirms Market Perform on Meta, $720 Price Target
- Rating
- Market Perform
- Unchanged
- Target
- $720
- Unchanged
- Outcome
- Reached
- on September 21, 2026

What the analyst said
BMO Capital analyst Brian J.
Pitz reiterated a Market Perform rating and $720 price target on Meta Platforms Inc. (NASDAQ: META).
“AI Sentiment Improving, but the Story is Still Hazy; Impressive AI model releases and intentions to launch a cloud business have helped ease fears around META’s meaningful ~$141B of 2026E CapEx spend.
Despite these near-term improvements, we continue to believe that META has the least visible AI ROI story.
Additionally, we highlight that governments globally continue to push online age verification initiatives that threaten META’s core business.
Maintain Market Perform, our estimates, and $720 target price, as we seek increased visibility into AI initiatives, cloud business and broader CapEx spending.”
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Where the price stands
META trades at $623. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $720 target is 16% below the median.
Since the note META has moved +5% (from $593). 12-month window: day 97 of 365, closes on July 29, 2027.
Track record
This call✓ Target reached on September 21, 2026, 3 months after the note. Same target as this firm’s July 1, 2026 note, so it is scored there.
Firm track recordToo early to score BMO Capital: price targets are 12-month calls and fewer than 5 of its targets are a year old. 7 of its 20 open targets have already been reached. How we score
BMO Capital on Meta
BMO Capital price targets on Meta
8 calls from October 30, 2025 to October 22, 2026. The target went from $710 to $685 (−4%). The rating stayed Hold.
- October 22, 2026Target raised from $580 (+18%)Hold$685
- October 20, 2026Kept the $580 targetHold$580
- September 24, 2026Kept the $580 targetHold$580
- August 26, 2026Target cut from $720 (−19%)Hold$580
- July 29, 2026 This noteKept the $720 targetHold$720
- July 17, 2026Kept the $720 targetHold$720
- July 1, 2026Target raised from $710 (+1%)Hold$720
- October 30, 2025Earliest call shownHold$710




