Analysts raise META’s price target to $835, citing 36% upside amid AI infrastructure bets and model adoption expectations.
Bank of America upgraded META to its US 1 List, a designation for high-conviction buy-rated stocks, with a $835 price target. The move follows two prior target increases in three months, reflecting growing confidence in Meta’s AI investments despite a 7% year-to-date stock decline.
META’s stock fell 6-7% after its Q1 earnings call in April, when the company raised capital spending guidance again. Analysts Justin Post and Nitin Bansal now expect frontier-level AI capabilities within nine months and tangible adoption of new AI products.
The $835 target implies 36% upside from current levels near $612, up from $820 after Q1 earnings. The upgrade underscores Wall Street’s shifting sentiment on Meta’s long-term AI strategy.