Wall Street analysts remain bullish Meta Platforms (NASDAQ: META), is a 12-month average price that implies more than 40% upside from current values.
According to TipRanks data, based on opinions from 37 analysts, the price target for Meta is $815.82. Based on Meta’s press time price of $577.22, the consensus target indicates a potential upside of 41.34% in the next year.
Of the 37 analysts tracked, 31 rated the stock as ‘Buy’ and six recommended ‘Hold’, giving Meta a ‘Strong Buy’ consensus. Price targets range from $622.25 to a high of $1,015.
Among analysts, on June 17, Evercore ISI reaffirmed its rating of ‘Outperform’ with a price target of $930 following Meta’s release of paid subscription plans on Facebook, Instagram, WhatsAppand Meta AI. The company sees this as a long-term investment strategy that could turn out to be a very profitable business, although it expects a small impact on short-term economic growth.
Two days earlier, Bank of America maintained its ‘Buy’ rating with a target price of $835, citing Meta’s growth. artificial intelligence strategy as a key driver of long-term growth. Analyst Justin Post said AI money are managing ad targeting, referrals, user engagement, and ad revenue, while creating future revenue opportunities through subscriptions, business marketing, and AI-powered business assistants.
Meanwhile, on June 9, Truist analyst Youssef Squali reiterated a ‘Buy’ rating with a price target of $840, highlighting Meta’s subscription business. He hopes that Meta’s payments on Facebook, Instagram, WhatsApp, and Meta AI to facilitate the exchange of money are projects that the company can exceed 360 million paid subscriptions by 2030, generating more than $20 billion annually.
Finally, in early June, Morgan Stanley analyst Brian Nowak maintained a price target of $775 and called Meta a mega-cap pick. He added that investors are discounting the long-term benefits of the company’s AI investment, which he believes will strengthen Meta’s competitiveness, boost profits, and open up new revenue opportunities through AI-powered search and subscription.
