Meta Platforms Target Raised to $900 at Truist on AI and Revenue Momentum

Truist Securities raised its price target for Meta Platforms (META, Financials) to $900 from $880 while maintaining a Buy rating, citing continued strength in user activity, ad monetization, and AI investments. The firm expects Meta's earnings to meet or slightly exceed its 22% annual revenue growth estimate, representing the high end of company guidance.

Meta shares recently traded at $734, giving the social media company a market capitalization of $1.84 trillion. The firm's gross profit margin remains among the highest in the tech sector at 82%. Truist forecasts fourth-quarter revenue between $55 billion and $58 billion, or about 18% growth, consistent with consensus expectations.

For 2026, Truist projects Meta's revenue to benefit from improving adoption of wearables and sustained investment in artificial intelligence. The firm expects operating expenses of $142 billion to $146 billion and capital expenditures near $100 billion as Meta expands its AI infrastructure.

Recent developments include Meta's $27 billion joint venture with Blue Owl Capital to develop the Hyperion data center campus in Louisiana, where Meta will own 20%. BofA Securities also reaffirmed a Buy rating with a $900 price target, expecting third-quarter revenue of $50 billion and earnings per share of $7.30, both above Wall Street consensus.