Bank of America raised its price target on Meta Platforms to $845 from $810, kept its buy rating and named the company a top AI pick. Meta's third-quarter revenue reached $64.6 billion, up 26% year over year and above the $63.3 billion expected, with advertising revenue of $63.1 billion. Fourth-quarter revenue guidance of $73 billion to $76 billion also topped the $73.6 billion Wall Street estimate. BofA said Meta's AI investments are improving content recommendations, ad targeting and advertiser returns, and that subscriptions, commerce and enterprise AI could add revenue from 2027. However, it trimmed its adjusted 2027 earnings estimate to $34 per share from $34.24 on higher costs, with capital expenditure forecast at about $210 billion and free cash flow projected to turn negative by roughly $33 billion.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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