KeyBanc Raises Meta Price Target to $900
KeyBanc analyst Justin Patterson raised the price target on Meta Platforms Inc.
(NASDAQ: META) to $900 from $780 while maintaining a Overweight rating.
“Meta Muse’s momentum reinforces our view that: a) sentiment around consumer AI is poised to improve; and b) Meta has multiple paths to drive revenue growth.
With Meta Connect kicking off (9/23-9/24), we will be watching for more signs of how Meta is building developer relationships and creating monetization paths.
We believe Meta’s product innovation should drive faster medium-term revenue growth (our new 2027E/2028E revenue forecasts are 3%/4% above consensus), EPS growth, and support multiple expansion, which drives our new PT of $900 (22x 2028E P/E).
We maintain our OW rating.”
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