Meta Platforms Inc. (META) PT Raised to $800 at KeyBanc

KeyBanc analyst Justin Patterson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $800.00 (from $655.00) while maintaining a Overweight rating.

The analyst comments: "We expect 2Q revenue comes in at $45.3B, and expect 3Q revenue guidance for $45B-$47.5B (we are modeling $46.5B). While we have raised our 2025E and 2026E revenue and EPS to reflect revenue momentum, we are mindful that there are upward biases to capex and opex from AI investments and are thus slightly below consensus. We do not necessarily view this as an issue for the stock, provided management articulates where it is seeing AI returns. Finally, we introduced 2027E revenue and EPS of $244.0B and $32.01, respectively, and raised our PT to $800 (25x 2027E P/E) as we roll forward to 2027E valuations."

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