Analysts Lift Meta Targets to $1,000 as Muse AI Threatens $5B Revenue Hit
META sits 39% above its 52-week low of $520.26.
Summary
Ahead of Meta's Q3 report on Oct 28, consensus sits at $6.35 EPS on $63.3B revenue, down from $7.25 EPS a year ago. Wells Fargo raised its target to $1,000 from $796, Deutsche Bank to $820, and Piper Sandler stayed Overweight with a higher target. The bull case rests on Meta's unified AI stack and the Muse AI agent, which hit No.1 on both app stores after its Sept 8 launch. But the company plans to reserve 500 MW of compute for Muse, which could cut 2027 revenue by about $5B unless the agent is monetized and widely adopted. Meta also named Chirantan Desai Chief Enterprise Platform Officer and joined a $300M investment in Biohub's $1.8B raise. The stock traded near $723 on Oct 7.
At the time of this announcement, META was trading at $722.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.