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

Meta Platforms (NASDAQ:META) had its target price increased by equities research analysts at KeyCorp from $780.00 to $900.00 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the social networking company’s stock. KeyCorp’s price objective would suggest a potential upside of 22.18% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Citizens Jmp lowered their target price on shares of Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird reduced their price target on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Scotiabank reiterated a “sector perform” rating and issued a $600.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. Erste Group Bank upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, Mizuho set a $750.00 target price on Meta Platforms in a report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $796.95.

Meta Platforms Stock Down 0.6%

Shares of Meta Platforms stock opened at $736.59 on Wednesday. The business’s fifty day moving average price is $609.53 and its two-hundred day moving average price is $610.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The company 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. Meta Platforms has a 1-year low of $520.26 and a 1-year high of $770.60.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) 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%.The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted $7.14 EPS. As a group, research analysts forecast that Meta Platforms will post 27.93 EPS for the current year.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares of the company’s stock, valued at $5,708,013.06. The trade was a 26.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher Cox sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $650.28, for a total transaction of $13,005,600.00. Following the sale, the insider directly owned 244,516 shares of the company’s stock, valued at approximately $159,003,864.48. This represents a 7.56% 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. In the last 90 days, insiders have sold 81,758 shares of company stock worth $51,214,020. Company insiders own 13.53% of the company’s stock.

Institutional Investors Weigh In On Meta Platforms

Several hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after buying 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 worth $42,134,000 after acquiring an additional 9,114 shares during the period. Premier Financial Group purchased a new position in Meta Platforms during the 2nd quarter valued at about $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 valued at $612,000 after acquiring an additional 79 shares in the last quarter. Finally, Bullseye Investment Management LLC acquired a new position in shares of Meta Platforms in the 2nd quarter valued at about $335,000. 79.91% of the stock is 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

Meta Platforms Company Profile

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.