Cantor Fitzgerald Hikes Price Target on Meta Platforms, Inc. (META) to $860, Maintains Overweight Rating

Meta Platforms, Inc. (NASDAQ:META) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 29, Cantor Fitzgerald expert Deepak Mathivanan lifted the firm’s terms people connected the banal to $860 from $750, portion maintaining an Overweight rating.

The accommodation follows the company’s fourth-quarter net results, which topped Wall Street’s estimates. Revenue came successful astatine $59.89 billion, beating forecasts of $58.59 billion, portion EPS stood astatine $8.88 against statement expectations of $8.23 per share.

Meta Platforms, Inc. (NASDAQ:META) expects income successful the archetypal 4th of FY26 to beryllium betwixt $53.5 cardinal and $56.5 billion, which is up of estimates of $51.41 billion. Full-year expenses are projected to beryllium successful the scope of $162 cardinal and $169 billion. Capital expenditure successful 2026 is expected to beryllium betwixt $115 cardinal and $135 billion, supra expert forecasts of $110.7 cardinal and astir treble the magnitude spent past year.

Cantor Fitzgerald noted the beardown quarterly results and encouraging income forecast for the ongoing 4th successful its probe enactment to investors. The expert believes that portion margins and escaped currency travel whitethorn get squeezed owed to accrued superior expenditure, helium inactive expects operating income to expand, with AI momentum apt to thrust charismatic returns.

Based connected the recommendations of 44 analysts, the banal is simply a Strong Buy with a one-year mean stock terms people of $861.87, representing an upside of 20% arsenic of the adjacent connected January 30.

Meta Platforms, Inc. (NASDAQ:META) is 1 of the world’s largest exertion companies. It operates respective fashionable societal media platforms, including Facebook, WhatsApp, Instagram, and Threads.

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