Seaport Global Securities analyst Aaron Kessler lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $850.00 (from $900.00) while maintaining a Buy rating.

The analyst comments: "We maintain our Buy rating though lower our PT to $850 (from $900) following 3Q results. Meta reported strong 3Q25 ad revenues of ~24.5% FXN (vs. 22% in 2Q) and operating income upside. That said, shares were down after hours on higher opex and Capex guidance (particularly for 2026) as Meta is aggressively investing in its AI efforts in 2026. Meta noted that it is investing aggressively in Capex to give itself more flexibility for capacity it may need in 2027/2028. While expenses are increasing, we remain positive on META given our expectation for continued solid ad growth, engagement strength, and option value with AI investments."