Citizens Lowers Meta Price Target to $770

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

(NASDAQ: META) to $770 (from $800) while maintaining a Market Outperform rating.

“We are lowering our price target to $770 from $800 based on our expectations for greater CapEx and AI investment.

Meta traded to $542 in the aftermarket, which implies shares trade for 16.9x our 2027E GAAP EPS of $32.04. Our revised $770 price target is based on an unchanged ~24x our revised 2027E GAAP EPS.”

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