Meta Platforms price target lowered to $800 from $875 at JPMorgan

JPMorgan analyst Doug Anmuth lowered the firm’s price target on Meta Platforms (META) to $800 from $875 and keeps an Overweight rating on the shares post the Q3 report. While the company’s Q4 decelerates a few points on tougher compares, this was mostly expected and management is “quite bullish” on continued core artificial intelligence improvements driving strong revenue growth in 2026, and likely beyond, the analyst tells investors in a research note. However, JPMorgan says the investor focus coming out of earnings is Meta’s updated view on 2026 capex and expenses as the company looks to build out an industry-leading amount of compute. JPMorgan “will continue to give Meta the benefit of the doubt,” saying its core business monetization is strong and “there is meaningful runway ahead.”