What the analyst said
Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $860 price target on Meta Platforms Inc.
(NASDAQ: META).
“Today, Meta introduced Muse Wonder and Muse Wonder Full, its newest AI models designed to power personal and professional agents that complete complex, extended tasks rather than simply answer questions.
The launch follows a fourteen-month overhaul of Meta’s AI efforts – in part through extensive acqui-hires — with both models trained at its gigawatt-scale Prometheus data center.
Muse Wonder is available through the Meta Model API and Muse Code, while Wonder Full is available to Muse Code subscribers.
A rollout into the consumer Muse experience is planned, beginning with paid subscribers.
We reiterate our Outperform and $860 PT (22x ’28 P/E — 16% upside) on META, with an upside PT of $980 (25x ’28 P/E – 32%).”
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Where the price stands
META trades at $764. The 33 analysts who set a target in the last 3 months range from $580 to $1,000, with a median of $810. This $860 target is 6% above the median.
12-month window: day 1 of 365, closes on October 12, 2027.
Track record
This callOpen: META has not reached $860 yet. This 12-month target is scored on August 26, 2027. Same target as this firm’s August 26, 2026 note, so it is scored there.
Firm track recordEvercore: 100% of its 6 targets at least a year old were reached within 12 months (#1 of 20 firms). Accuracy ranking →
Evercore on Meta
Evercore price targets on Meta
8 calls from January 29, 2026 to October 12, 2026. The target went from $900 to $860 (−4%). The rating stayed Buy.
- October 12, 2026 This noteKept the $860 targetBuy$860
- September 10, 2026Kept the $860 targetBuy$860
- August 26, 2026Target raised from $820 (+5%)Buy$860
- July 30, 2026Target cut from $930 (−12%)Buy$820
- July 29, 2026Kept the $930 targetBuy$930
- June 17, 2026Kept the $930 targetBuy$930
- April 30, 2026Target raised from $900 (+3%)Buy$930
- January 29, 2026Earliest call shownBuy$900
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
TD CowenBuy
Kept rating and price target · Oct 8
$865maintained
Piper SandlerBuy
Kept rating · Oct 8