What the analyst said
KeyBanc analyst Justin Patterson raised the price target on Meta Platforms Inc.
(NASDAQ: META) to $905 (from $900) while maintaining an Overweight rating.
“We maintain our OW rating and raise our PT to $905 (22.2x 2028E P/E) as we believe AI product momentum should support low-to-mid-20% revenue growth through 2028E and offset some of the capex/opex ramp.
While potential capital raises and prospects for “hundreds of billions of investments” could create some NT overhang, we believe Meta remains disciplined in tying investment to returns.
So long as revenue and product momentum persist, we see little risk in Meta’s ability to finance the AI build-out.”
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Where the price stands
META trades at $649. The 33 analysts who set a target in the last 3 months range from $595 to $1,000, with a median of $850. This $905 target is 6% above the median.
12-month window: day 0 of 365, closes on October 22, 2027.
Track record
This callOpen: a 12-month target, scored on October 22, 2027, a year after the note.
Firm track recordKeyBanc: 80% of its 10 targets at least a year old were reached within 12 months (#18 of 28 firms). Accuracy ranking →
KeyBanc on Meta
KeyBanc price targets on Meta
8 calls from January 29, 2026 to October 22, 2026. The target went from $855 to $905 (+6%). The rating stayed Buy.
- October 22, 2026 This noteTarget raised from $900 (+1%)Buy$905
- October 13, 2026Kept 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, 2026Earliest call shownBuy$855
Other analysts on Meta
RBC CapitalBuy
Raised price target +4%, kept rating · Oct 22
$800from $770
SusquehannaBuy
Raised price target +31%, kept rating · Oct 22
$850from $650
BairdBuy
Raised price target +9%, kept rating · Oct 22
$815from $750
William BlairBuy
Kept rating · Oct 22
JP MorganBuy
Raised price target +2%, kept rating · Oct 22
$940from $920