Meta Platforms Inc. (META) PT Lowered to $780 at Stifel

Stifel analyst Mark Kelley lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $780.00 (from $805.00) while maintaining a Buy rating.

The analyst comments: "Solid revenue and GAAP EPS results came in ahead of expectations, even scrubbing out one time benefits for the latter. DAPs declined sequentially (first time since 2Q19), though would have grown excluding access headwinds in Iran & Russia. 2Q guidance bracketed consensus, and totex for '26 was unchanged, though FY26 capex guidance was revised higher (+$10bn), again sparking questions around ROI. Mgmt continues to highlight its grand picture of the future via Superintelligence, though we believe having a publicly announced model out of MSL is a good start for helping investors wrap their heads around where dollars pay off long-term (Muse driving +DD% Meta AI sessions / user). In the meantime, the debate centers on the positives from an accelerating core business vs. a very real FCF drain (we now model neg. FCF in '26). We update our ests, and our TP goes to $780 as a result."

You May Also Be Interested In

• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
• Baird Reiterates Outperform Rating on Tesla (TSLA)