Citizens Affirms Market Outperform on Meta, $885 Price Target

October 20, 2026 Analyst: Andrew Boone 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$885
Unchanged
Upside
+25%
META at $708 today
Citizens JMP and Meta logos

What the analyst said

Citizens analyst Andrew Boone reiterated a Market Outperform rating and $885 price target on Meta Platforms Inc.

(NASDAQ: META).

“Meta last closed at $705.44, which implies that it trades for 22.0x our 2027 EPS of $32.04. Our $885 price target is based on ~28x our 2027 GAAP EPS.

With Muse ramping, Meta back at the AI intelligence frontier with Wonder Full, and its advertising business operating well as it benefits from greater relevancy across engagement and advertising, we believe our rating and price target are justified.

We note Meta trades at a 1-turn premium to Google at current levels based on our earnings per share estimates.”

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Where the price stands

META trades at $708. The 33 analysts who set a target in the last 3 months range from $580 to $1,000, with a median of $860. This $885 target is 3% above the median.

12-month window: day 1 of 365, closes on October 20, 2027.

Track record

This callOpen: META has not reached $885 yet. This 12-month target is scored on September 24, 2027. Same target as this firm’s September 24, 2026 note, so it is scored there.

Firm track recordToo early to score Citizens JMP: price targets are 12-month calls and fewer than 3 of its targets are a year old. 1 of its 9 open targets have already been reached. How we score

Citizens JMP on Meta

Citizens JMP price targets on Meta

7 calls from July 2, 2026 to October 20, 2026. The target went from $825 to $885 (+7%). The rating stayed Buy.

Citizens JMP targetMETA share price
  1. October 20, 2026 This noteKept the $885 targetBuy$885
  2. October 14, 2026Kept the $885 targetBuy$885
  3. September 24, 2026Target raised from $770 (+15%)Buy$885
  4. July 30, 2026Target cut from $800 (−4%)Buy$770
  5. July 13, 2026Kept the $800 targetBuy$800
  6. July 10, 2026Target cut from $825 (−3%)Buy$800
  7. July 2, 2026Earliest call shownBuy$825
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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.