Piper Sandler Raises Meta Price Target to $875

Piper Sandler analyst Thomas Champion raised the price target on Meta Platforms Inc.

(NASDAQ: META) to $875 (from $785) while maintaining a Overweight rating.

“We came away from Connect 2026 with a few big picture take-aways. For one thing, we loved CEO Zuckerberg’s unbridled optimism about the consumer benefits to Superintelligence.

Mr Zuckerberg clearly sees a future where AI tools are broadly distributed, drive abundance and make lives.

Second, management sounds pleased with the early adoption of Muse and the use cases that emerged so far. The quote above helps illustrate this point.

As for the Muse business model, management has so far articulated a ‘take rate’ model on commerce transactions while assembling an impressive roster of merchant partners.

Last, we liked the innovations around glasses – including VR and Audio – plus the integration with Muse and core AI. Following Connect, we find ourselves more optimistic and raise estimates.

It will take time to fully understand the revenue potential of this product cycle, but find ourselves increasingly bullish on META’s prospects. Reiterate OW rating, Target Price to $875.”

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