Cantor Fitzgerald Raises Meta Price Target to $860
Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on Meta Platforms Inc.
(NASDAQ: META) to $860 (from $680) while maintaining a Overweight rating.
“As AI capabilities continue to advance, we think personal agents have the potential to emerge as the third S-curve in AI.
META, in our view, is well positioned to be a leading beneficiary of this theme with a competitive model that is specifically trained to lead in agentic tasks, a strong harness with a differentiated UX in Muse, and a massive compute infrastructure that can help META scale personal agents rapidly into its user base ahead of competition.
We believe the unit economics of Muse are being subsidized in the early days, but we think META has several paths to a profitable freemium model.
We reiterate our Overweight rating, and raise our PT to $860 (vs. $680 previously).”
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.
