What the analyst said
KeyBanc analyst Justin Patterson reiterated an Overweight rating and $900 price target on Meta Platforms Inc.
(NASDAQ: META).
“Fall & the Muse Wonderwall; Wonder Series Demonstrates Model Progress; Meta’s 2026 product cycle continues, with the Muse Wonder family of models showing Meta can compete at the frontier.
This represents meaningful progress for a Meta Superintelligence Labs (MSL) team that was formed ~14 months ago.
In our view, this reinforces Meta has the right mix of talent, data, distribution, and compute capacity to compete in AI.
With shares outperforming the NASDAQ and S&P 500 by >25 points since the end of August, we view revenue revisions and engagement milestones as the next catalysts.
We maintain our OW rating and $900 PT (22.2x 2028 P/E).”
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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 $900 target is 11% above the median.
12-month window: day 0 of 365, closes on October 13, 2027.
Track record
This callOpen: META has not reached $900 yet. This 12-month target is scored on September 23, 2027. Same target as this firm’s September 23, 2026 note, so it is scored there.
Firm track recordKeyBanc: 75% of its 8 targets at least a year old were reached within 12 months (#17 of 20 firms). Accuracy ranking →
KeyBanc on Meta
KeyBanc price targets on Meta
8 calls from January 26, 2026 to October 13, 2026. The target went from $835 to $900 (+8%). The rating stayed Buy.
- October 13, 2026 This noteKept the $900 targetBuy$900
- September 23, 2026Target raised from $780 (+15%)Buy$900
- September 9, 2026Kept the $780 targetBuy$780
- August 27, 2026Kept the $780 targetBuy$780
- July 30, 2026Target raised from $760 (+3%)Buy$780
- April 9, 2026Target cut from $855 (−11%)Buy$760
- January 29, 2026Target raised from $835 (+2%)Buy$855
- January 26, 2026Earliest call shownBuy$835
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
TD CowenBuy
Kept rating and price target · Oct 8
$865maintained