Evercore Meta

Evercore ISI Lowers Meta Price Target to $820

Analyst: Mark Mahaney 1 min read Reproduced verbatim
Rating
Outperform
Target
$820
from $930 (−12%)
Upside
+36%
META at $605 today
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What the analyst said

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating on Meta Platforms (NASDAQ: META) and lowered the price target to $820 (from $930).

“Our View: We reiterate our Outperform rating on META but lower our estimates and our price target from $930 to $820 (55% upside), based on 25x our ’27 EPS of $32.75, in the wake of Modest Beat & Bracket Q2 EPS results.

Revenue of $60.8B (up 27% Y/y ex-FX) came in approx. 1% ahead of ISI/Street, while Operating Income (ex-1xers) came in at $22.4B (37% Margin), approx. 13% ahead of ISI/Street.

Q3 Revenue guide bracketed the Street, while META increased modestly its FY26 Capex and Totex guides.

All in, fundamentals were mixed, with Revenue Growth ex-FX deceling 2 points on a 3 pt tougher comp, and Op Margins declining 600 bps Y/Y (ex-1xers).

With this note, we are closing out our TAP Outperform Call.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

META trades at $605. The 33 analysts who set a target in the last 3 months range from $650 to $1,000, with a median of $860. This $820 target is 5% below the median.

Since the note META has moved +3% (from $586). 12-month window: day 98 of 365, closes on July 30, 2027.

Track record

This callOpen: META has not reached $820 yet. This 12-month target is scored on July 30, 2027.

Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms); on Meta, 3 of 4. Accuracy ranking →

Earnings reactionOne of 25 notes after Meta’s Jul 29 results: 0 raised · 23 cut · 1 kept. See every call →

Evercore on Meta

Evercore price targets on Meta

8 calls from October 30, 2025 to September 10, 2026. The target went from $875 to $860 (−2%). The rating stayed Buy.

Evercore targetMETA share price
  1. September 10, 2026Kept the $860 targetBuy$860
  2. August 26, 2026Target raised from $820 (+5%)Buy$860
  3. July 30, 2026 This noteTarget cut from $930 (−12%)Buy$820
  4. July 29, 2026Kept the $930 targetBuy$930
  5. June 17, 2026Kept the $930 targetBuy$930
  6. April 30, 2026Target raised from $900 (+3%)Buy$930
  7. January 29, 2026Target raised from $875 (+3%)Buy$900
  8. October 30, 2025Earliest call shownBuy$875
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Other analysts on Meta

Wells FargoBuy Kept rating and price target Oct 27 $995maintained Citizens JMPBuy Kept rating and price target Oct 27 $885maintained MizuhoBuy Kept rating and price target Oct 26 $950maintained Canaccord GenuityBuy Kept rating and price target Oct 26 $950maintained William BlairBuy Kept rating Oct 26
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.