TD Cowen Meta

TD Cowen Reiterates Buy on Meta, $865 Price Target

October 8, 2026 Analyst: John Blackledge 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$865
Unchanged
Upside
+13%
META at $763 today
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What the analyst said

TD Cowen analyst John Blackledge reiterated a Buy rating and $865 price target on Meta Platforms Inc. (NASDAQ: META).

“Strong Ad Growth Expected Despite Tougher Comps; We forecast strong, but slightly decelerating revenue growth in 3Q, +1% vs consensus, driven by continued AI-powered engagement gains.

We expect further Op margin compression amid ramping AI spend. Key at the print: updates to ’26 opex & capex guides, color on ’27 investment levels, and early impacts of the Muse agentic offering.

We left estimates unchanged; maintain Buy & $865 PT.”

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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 $763. The 33 analysts who set a target in the last 3 months range from $580 to $1,000, with a median of $810. This $865 target is 7% above the median.

Since the note META has moved +6% (from $721). 12-month window: day 5 of 365, closes on October 8, 2027.

Track record

This callOpen: META has not reached $865 yet. This 12-month target is scored on September 25, 2027. Same target as this firm’s September 25, 2026 note, so it is scored there.

Firm track recordTD Cowen: 83% of its 18 targets at least a year old were reached within 12 months (#9 of 20 firms). Accuracy ranking →

TD Cowen on Meta

TD Cowen price targets on Meta

6 calls from January 13, 2026 to October 8, 2026. The target went from $820 to $865 (+5%). The rating stayed Buy.

TD Cowen targetMETA share price
  1. October 8, 2026 This noteKept the $865 targetBuy$865
  2. September 25, 2026Target raised from $750 (+15%)Buy$865
  3. July 30, 2026Target cut from $800 (−6%)Buy$750
  4. April 30, 2026Target cut from $820 (−2%)Buy$800
  5. January 29, 2026Kept the $820 targetBuy$820
  6. January 13, 2026Earliest call shownBuy$820
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Other analysts on Meta

RosenblattBuy Kept rating and price target · Oct 13 $886maintained TruistBuy Raised price target +31%, kept rating · Oct 13 $1,000from $763 CitiBuy Kept rating and price target · Oct 13 $800maintained EvercoreBuy Kept rating and price target · Oct 12 $860maintained Piper SandlerBuy Kept rating · Oct 8
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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.