Update: BofA Securities Adjusts Price Target on Meta Platforms to $845 From $810 as 'AI story continues to improve', Maintains Buy Rating

11:38 AM EDT, 10/22/2026 (MT Newswires) -- (Update includes analyst commentary.) BofA Securities raised Meta Platforms' (META) price target to $845 from $810, citing higher ad revenue growth and a continuing artificial intelligence expansion. While raising its 2027 revenue forecast by 1.3% to $319 billion, Wedbush lowered Meta's earnings per share estimate to $34 due to higher expenses related to its AI growth, analysts led by Justin Post wrote in a Thursday note. The firm reiterated buy rating on Meta's stock, despite rising expenses, noting the growing AI opportunities and advertising business could support future growth, the analysts said. Meta has an average rating of buy and mean price target of $834.86, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us) Price: 656.87, Change: -40.66, Percent Change: -5.83