Meta Platforms (NASDAQ:META) Given New $900.00 Price Target at KeyCorp

Key Points

• KeyCorp raised Meta’s price target from $780 to $900 and maintained an “overweight” rating, implying 22.18% upside from the previous close.
• Analyst sentiment remains positive overall, with Meta holding a consensus “Moderate Buy” rating and an average price target of $796.95.
• Meta’s latest quarter showed 28% year-over-year revenue growth to $60.8 billion, although earnings of $6.18 per share fell short of the $7.19 consensus estimate.

Meta Platforms (NASDAQ:META - Get Free Report) had its price objective upped by equities research analysts at KeyCorp from $780.00 to $900.00 in a research report issued on Wednesday, MarketBeat reports. The brokerage presently has an "overweight" rating on the social networking company's stock. KeyCorp's price objective suggests a potential upside of 22.18% from the stock's previous close.

META has been the topic of several other reports. Guggenheim reiterated a "buy" rating and issued a $800.00 price target on shares of Meta Platforms in a research report on Tuesday, July 28th. Scotiabank restated a "sector perform" rating and issued a $600.00 price objective on shares of Meta Platforms in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised Meta Platforms from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $640.00 to $820.00 in a report on Thursday, September 10th. Sanford C. Bernstein reiterated an "outperform" rating and set a $800.00 target price on shares of Meta Platforms in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 26th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $796.95.

Meta Platforms Price Performance

NASDAQ META opened at $736.59 on Wednesday. Meta Platforms has a 52 week low of $520.26 and a 52 week high of $770.60. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 27.74, a PEG ratio of 1.29 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $609.53 and a 200-day moving average price of $610.57.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.Meta Platforms's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $7.14 EPS. Equities research analysts anticipate that Meta Platforms will post 27.93 earnings per share for the current year.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. This trade represents a 90.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total value of $2,002,514.40. Following the sale, the chief accounting officer directly owned 6,271 shares in the company, valued at $3,875,854.26. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,758 shares of company stock valued at $51,214,020 in the last 90 days. 13.53% of the stock is currently owned by insiders.

Institutional Trading of Meta Platforms

Several hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Meta Platforms by 4.0% during the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock worth $51,841,811,000 after purchasing an additional 3,510,123 shares during the period. Silicon Valley Capital Partners boosted its position in Meta Platforms by 13.9% during the 2nd quarter. Silicon Valley Capital Partners now owns 74,799 shares of the social networking company's stock valued at $42,134,000 after purchasing an additional 9,114 shares during the period. Premier Financial Group bought a new position in Meta Platforms during the 2nd quarter worth $96,000. Wellington Altus USA Inc. grew its stake in Meta Platforms by 8.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 1,069 shares of the social networking company's stock worth $612,000 after buying an additional 79 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in Meta Platforms in the second quarter worth $335,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Muse adoption is driving bullish expectations. Muse reportedly became the top free app on Apple’s App Store and Google Play, with downloads outpacing ChatGPT’s early mobile launch. Analysts at Jefferies and Bank of America maintained Buy ratings, while Jefferies raised its price target to $875 from $710 and Bank of America set an $810 target. Wall Street expects Meta's AI agent to shape into a new revenue engine
• Positive Sentiment: Commercial partnerships strengthen Muse’s monetization potential. Shopify is integrating Shop Pay checkout, and PayPal also plans to use the agent, giving Muse practical shopping capabilities and positioning it as a platform for developers and merchants. Shopify Brings Shop Pay Checkout Solution to Meta's Muse AI Agent
• Positive Sentiment: Meta is expanding its AI infrastructure and hardware ambitions. The company is expected to unveil new smart glasses at Connect, including a camera-free model intended to address privacy concerns. Meta also announced action against more than 3.7 million scam-linked accounts and content, supporting platform safety efforts. Meta expected to unveil smart glasses without camera
• Neutral Sentiment: Connect 2026 is the next major catalyst. Investors will look for details on smart glasses, Muse’s product roadmap, pricing and monetization. Meta’s strong advertising business and recent revenue growth provide financial support for its heavy AI infrastructure spending, but the stock’s recent rally has raised valuation concerns.
• Negative Sentiment: Muse faces privacy, security and competitive risks. Amazon blocked the agent from shopping on its site, while Meta has tested using human contractors to complete some tasks. These developments raise questions about reliability, data protection and the scalability of the service. Meta's New AI Agent Is an Instant Hit—and the Backlash Has Already Begun

About Meta Platforms

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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